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Government to spend $436B on infrastructure

Cars are held up in a traffic jam on a main street in Jakarta on Wednesday while construction of Indonesia's first subway is underway on the left.

JAKARTA -- The Indonesian government will soon release a five-year infrastructure improvement plan worth over $400 billion aimed at stimulating economic growth.

     While fiscal reforms will help fund the project, Indonesian President Joko "Jokowi" Widodo is to centralize authorization procedures to encourage private sector investment and speed up administration of the projects. The government hopes to help its economy return to high growth following a recent slowdown by increasing jobs and consumption.

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