President Prabowo Subianto has made the Indonesia’s Giant Sea Wall project a central part of his administration’s agenda. To secure the substantial funding required for this project, he has been actively engaging with potential investors, especially those from Japan.
Indonesia, a nation of thousands of islands, is grappling with the increasing threat of rising sea levels and coastal erosion. To combat this pressing issue, President Prabowo Subianto has spearheaded a massive infrastructure project: the Giant Sea Wall.
This ambitious undertaking aims to protect critical coastal areas, particularly in vulnerable regions like North Java. The project, estimated to cost a staggering Rp90 trillion, involves constructing a massive sea wall that will serve as a formidable barrier against the encroaching sea.
To fund this colossal project, the Indonesian government is actively seeking both domestic and foreign investment. President Subianto has personally courted Japanese investors, recognizing their expertise in large-scale infrastructure projects.
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Investment Minister Bahlil Lahadalia confirmed that discussions with Japanese businesses are ongoing, exploring various partnership models, including government-to-government and business-to-business collaborations.
“We’re open to all possibilities,” Bahlil stated. “Our hope is that major Japanese companies will contribute to the project’s construction, engineering, and financing.”
Coordinating Minister Luhut Binsar Pandjaitan echoed the government’s commitment to securing substantial investment, both locally and internationally. “We need significant investment to make this project a reality,” he said. “Relying solely on the state budget is not feasible.”
While interest from various countries has been expressed, no formal commitments have been made yet. However, the Indonesian government remains optimistic about securing the necessary funding and expertise to bring the Giant Sea Wall project to fruition.
The project is currently in the design review and construction preparation phases. Once completed, the Giant Sea Wall will not only protect Indonesia’s coastlines but also symbolize the nation’s determination to confront climate change and safeguard its future.
