UK and Indonesia build on solid foundations with new infrastructure initiative
The UK and Indonesia have signed a new infrastructure initiative, worth £1 billion, to help the Southeast Asian country develop its infrastructure and boost economic growth.
The initiative will focus on three key areas:
- Energy: The UK will provide £500 million to support Indonesia’s transition to a low-carbon economy, including investments in renewable energy and energy efficiency.
- Transport: The UK will provide £300 million to improve Indonesia’s transportation infrastructure, including roads, railways, and ports.
- Water: The UK will provide £200 million to improve Indonesia’s water infrastructure, including water supply, sanitation, and flood management.
The initiative was signed by UK Foreign Secretary Dominic Raab and Indonesian Foreign Minister Retno Marsudi during a visit by Raab to Jakarta.
Raab said the initiative would help Indonesia “build back better” from the COVID-19 pandemic and “create a more prosperous and sustainable future” for the country.
Marsudi said the initiative was a “concrete manifestation” of the UK and Indonesia’s “close and comprehensive partnership.”
The UK and Indonesia have a long history of cooperation on infrastructure. In 2015, the two countries signed a memorandum of understanding on infrastructure cooperation. The UK has also provided funding for a number of infrastructure projects in Indonesia, including the Jakarta Mass Rapid Transit (MRT) and the Trans-Sumatra Toll Road.
The new infrastructure initiative is a significant step forward in the UK and Indonesia’s bilateral relationship. It is a demonstration of the UK’s commitment to Indonesia’s development and its belief in the country’s potential.
The initiative is also a win-win for both countries. The UK will benefit from increased exports to Indonesia, and Indonesia will benefit from improved infrastructure and economic growth.
The UK and Indonesia are two of the largest economies in the world, and they have a long history of cooperation. The new infrastructure initiative is a testament to the strength of the relationship between the two countries. It is a partnership that is built on solid foundations and is destined to grow even stronger in the years to come.
UK and Indonesia build on solid foundations with new infrastructure initiative
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