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Indonesia seeks "all options" to fund infrastructure push

SOEs rush to capital market, offer projects as government spending slows

Indonesian President Joko Widodo poses for a photo at a newly constructed highway in Medan, Sumatra, in October. (Courtesy of Presidential Secretariat of Indonesia)

HONG KONG -- The Indonesian government is going all out to seek financing for power plants, toll roads and airports, hoping to give a boost to President Joko Widodo's ambitious infrastructure program that has been progressing slowly.

Indonesia has planned 247 projects worth some 4,800 trillion rupiah ($355 billion) to be developed between 2015 and 2019, but the government is only able to finance around 40% of those. With just two years left in this term, Widodo and his government are under pressure to deliver.

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