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Government Releases New Infrastructure Financing Scheme to Help State Budget

by Alexandra Hartman Editor-in-Chief
written by Alexandra Hartman Editor-in-Chief
Illustration (Between)

The government said that infrastructure development is still a priority. However, in the 2025 Draft State Budget (RAPBN), the infrastructure development budget is only IDR 400.3 trillion, down from 2024 which reached IDR 423 trillion.

Therefore, in the future, the government is encouraging alternative financing that can help the APBN. Two creative financing schemes for infrastructure development have been launched, namely Limited Management Rights (HPT) financing or Limited Concession Schene (LCS) and also the scheme Land Value Capture (LVC) or Area Value Enhancement Acquisition Management (P3NK).

“The Coordinating Ministry for Economic Affairs and the ministries and institutions have successfully completed the drafting of creative financing regulations, including HPT, known as LCS based on Presidential Decree Number 66 of 2024 related to the management scheme for obtaining increased regional value (P3NK) based on Presidential Decree Number 79 of 2024,” said the Minister of Economy, Airlangga Hartarto in his remarks at the Launching of Creative Financing Regulations for Infrastructure Development, Kempinski Hotel, Jakarta, Wednesday (28/8).

HPT, Airlangga explained, is a scheme for optimizing state-owned goods and BUMN assets to obtain funding for infrastructure selection.

“HPT is also known as assets recycling “Those that have been implemented in Australia in 2014 include the Port of Melbourne and Sydney Airport,” he said.

Then, Airlangga explained that the P3NK scheme is a regional-based funding due to the increase in land value due to infrastructure investment around an area. This scheme has been carried out in various countries such as England and Japan.

Also read: Minister of Finance: 50% of Investment Funding Allocation for Infrastructure Development

“The launch of creative infrastructure regulations is an initial step but needs to be supported by cooperation from all parties such as ministries/institutions, government, state-owned enterprises and regions to realize competitive investment,” he said.

Meanwhile, Secretary of the Coordinating Ministry for Economic Affairs, Susiwijono Moegiarso revealed the need for infrastructure development based on the 2015-2019 National Medium-Term Development Plan (RPJMN) of Rp4,700 trillion. Then, in the 2020-2024 RPJMN there was a significant increase reaching Rp6,445 trillion.

“And from that amount, the portion of financing or funding from the private sector has reached a significant increase from the previous Rp1,700 trillion to Rp2,707 trillion from the private sector. Therefore, we need alternative financing that can reduce the burden on the APBN and APBD by encouraging private sector participation in supporting infrastructure development,” he explained.

He said that the estimated need for infrastructure investment based on the 2025-2029 RPJMN for several main sectors such as the water resources, transportation, electricity sectors, the largest proportion in the transportation sector reached IDR 1,145 trillion.

“The preparation of these two creative financing regulations yesterday involved the relevant ministries and institutions and two presidential regulations were issued 66 of 2024 concerning infrastructure financing through HPT which were issued on July 2, 2024. And in mid-August, presidential regulation 79 of 2024 concerning P3NK was also issued, especially funding for the provision of infrastructure through the management of the acquisition of increased regional value,” he added. (Z-11)

#Government #Releases #Infrastructure #Financing #Scheme #State #Budget

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Russia strikes energy infrastructure in Sumy region

by Alexandra Hartman Editor-in-Chief
written by Alexandra Hartman Editor-in-Chief

“These are 348 settlements (Akhtyrka district and part of Sumy). Also, some consumers in the city of Sumy are temporarily without electricity,” the post specifies. “Power engineering teams are working to restore the distribution of electricity to each home.”

According to the Sumy Regional Military Administration (SRA), on the morning of July 6, the Russian Armed Forces carried out 9 attacks on border areas and populated areas of the region: “22 explosions were recorded. The Khotyn, Belopol, Esman, and Shalygin communities were subjected to attacks.”

139 clashes per day

Meanwhile, the General Staff of the Armed Forces of Ukraine indicates in its operational report that 139 combat clashes occurred on the front in 24 hours.

“According to updated information, yesterday (July 5 – Ed.) the aggressor launched six missile strikes (using twelve missiles), 55 air strikes (using 72 KABs) on the positions of our troops and populated areas, and carried out more than three thousand attacks, 105 of which were from multiple launch rocket systems,” the General Staff of the Armed Forces of Ukraine said on its Facebook page. The post shows that on the night of July 6, the Russian Armed Forces also launched strikes on Ukrainian targets using 27 Shahed UAVs. The attacks were carried out from the territory of Crimea annexed by the Russian Federation and from the Kursk region of the Russian Federation.

It is indicated that Ukrainian air defense forces managed to shoot down 24 drones in the Dnipropetrovsk, Poltava, Zaporizhia, Kherson, Kharkov, Donetsk, Sumy, Chernihiv, Vinnytsia, Kyiv, Kirovograd and Nikolaev regions.

For its part, the Kherson Regional Prosecutor’s Office reported that following the artillery shelling of the Russian Armed Forces in the Berislav district of the Kherson region of Ukraine, rescuers discovered the bodies of a man and a woman under the rubble of a private house.

#Russia #strikes #energy #infrastructure #Sumy #region
2024-07-07 12:38:10

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New, tougher laws to govern Delhi – World

by Alexandra Hartman Editor-in-Chief
written by Alexandra Hartman Editor-in-Chief

New penalties have been imposed in India’s capital. The purpose of implementing the new laws is to abolish the colonial era laws. Under the new laws, tougher penalties have been imposed for perpetrators of crimes once morest women and children and for terrorists.

The new laws repealed the Indian Penal Code, Code of Criminal Procedure and the Indian Evidence Act. Many general offenses will also be covered under the new laws.

Action will also be taken on setting up stalls anywhere on the roads, selling goods by putting up banners and creating problems for pedestrians. The first case has been filed once morest a shopkeeper in a prominent commercial area of ​​Delhi who blocked a large part of the footpath outside the shop making it difficult for people to pass.

Political and social analysts say that controlling Delhi has become extremely difficult due to the population increasing at an extraordinary rate. The population of Delhi is more than 32 million. Corruption is very high due to which laws are not followed. A large number of people from all over the country and especially from Uttar Pradesh and Haryana come to Delhi and settle here. As a result, the pressure on infrastructure is increasing and the battle for economic opportunities has become dangerous.