Indonesia to triple spending on sea and air infrastructure

THE Indonesian government has announced plans to triple spending on seaports and airports after free-trade deals signed under the ASEAN trading bloc came into effect with China and India in 2010.

The new deals put an end to import tariffs on 90 per cent of traded goods, reported London's International Freighting Weekly.

Sixty-six ports and 25 state-owned airports will receive funding from a IDR10.3 trillion (US$1.1 billion) budget set aside for infrastructure upgrades in 2010, up from IDR3.3 trillion last year, of which two-thirds are earmarked for port development.

(Source: www.schednet.com)