China to invest in Papua


The company will invest up to a billion dollars

Vice President Boediono offers the chance to invest in the Mamberamo River power plant in Papua to Chinese investors.

“The vice president wanted investors not only to exploit the natural resources but also build infrastructure to be integrated with other industries,” Yopie Hidayat said after a meeting with a delegation from the State Development and Investment Corporation, the Chinese government’s investment arm.

Meanwhile, the National Development Planning Agency (Bappenas) meet with Chinese-owned Metal China Corporation (MCC) to discuss investments in mining in Papua.

“They are aggressively investing in the mining sector for nickel and iron to support Chinese growth,” Bappenas first secretary Syahrial Loetan said on Saturday as quoted by business news portal.
MCC’s investment plan would be firmed up in 2012.

Besides mining and power plant, according to media reports, Chinese companies are also interested in building seaports and airports in the Indonesian provinces of Papua and West Papua.

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