President Susilo Bambang Yudhoyono officially launched on Friday his administration’s ambitious
Rp 4,000 trillion (US$468 billion) economic master plan for 2011 to 2025, but some of the announced “ground-breaking projects” were criticized as overlapping with the existing ones.
The so-called “Master Plan for the Acceleration and Expansion of Indonesian Economic Growth” (MP3EI) kicked off with Yudhoyono announcing 17 new infrastructure projects in four regions worth Rp 190 trillion.
“It all goes to show that the MP3EI is not a blank page, but there are proofs and implementations that will support the achievement and goals of this plan,” the President told hundreds of high-ranking officials and business executives at the master plan launch event at the Jakarta Convention Center in Jakarta on Friday. Read more