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Image used for illustrative purpose. A labourer carries a steel rod as he works at a flyover under construction at Tanjung Priok port in Jakarta October 30, 2013. Work on billions of dollars worth of new roads, bridges, dams and power plants in Indonesia could soon come to a standstill unless the government takes emergency action to help construction firms cover rising production costs, an industry trade group said. In an unprecedented step, the Indonesian Contractors Association this month asked the finance ministry to declare force majeure on all rupiah-based government infrastructure projects after federal and state agencies refused to pay more for the cost of labour and raw materials.
A total of 19 co-operation agreements worth $15 billion were signed at the recently concluded 13th International Infrastructure Investment and Construction Forum, Macao Trade and Investment Promotion Institute and China International Contractors Association, the joint organisers, said in a press statement.
The agreements cover housing and construction, power engineering, new energy, mineral resources and industrial park development in Latin American countries, Portuguese-speaking countries, South East Asian countries and the Macao region.
Chairman of the China International Contractors Association Fang Qiuchen said that green and sustainable development was the core issue of this year’s forum, the statement noted.
(Writing by P Deol, Editing by Anoop Menon)
