Indonesia's president Joko Widodo. - AFP
JAKARTA: Indonesia, under pressure to rein in its budget deficit, plans to sell minority stakes in some of the nation’s airports and ports to private investors as President Joko Widodo seeks investment to fund his ambitious infrastructure agenda.
The government intends to sell as much as 45% in 10 airports and 20 ports but will retain state control of the facilities, Transport Minister Budi Karya Sumadi said in an interview on Wednesday in Jakarta. The sale will start in 2017 with Kualanamu airport in North Sumatra and Sepinggan airport in East Kalimantan. It will invite companies including Incheon International Airport Corp, GVK Power & Infrastructure Ltd. and Vinci SA to bid, he said.
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