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JAKARTA, April 1 Asia Pulse - The Japanese government has extended a loan of 104.634 billion yen or Rp8.42 trillion (US$982.5 million) to Indonesia to help finance infrastructure development.
"The ultimate aim of the loan is to improve the business climate in Indonesia and to achieve continuous economic growth that is boosted by the private sector," the economic counselor at the Japanese Embassy, Satoshi Suzuki, said before attending a ceremony marking the signing of docuemts on the loan here on Wednesday.
The documents were signed by Indonesia's Director General for Asia Pacific and Africa Makarim Wibisono and Japanese Ambassador Yutaka Iimura.
Suzuki said the loan carrying an interest of 0.75 - 1.3 per cent, would be used to finance seven projects.
The seven are a Rp4.724 trillion gas-fuelled power plant (PLTG) in Tanjung Priok, a Rp699 billion rehabilitation of a ...