Indonesia prepares airspace and underground construction bill – business


News Office (The Jakarta Post)

Jakarta ●
September 24, 2018

2018-09-24
2:30 p.m.
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Business
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The Ministry of Agrarian and Territorial Planning indicates that it is preparing a bill on airspace and underground construction.

The ministry’s secretary general, Budi Suryanto, told Jakarta over the weekend that such regulation is needed to provide legal certainty for investors interested in placing funds in projects such as transit-focused development and the MRT, which used airspace and underground spaces.

“We see that there is more interest in investing [that pushes] growth in land ownership, ”said Budi, quoted by kontan.co.id, adding that the certificates issued by the ministry would regulate the use of airspace, underground spaces and maritime territory.

Budi added that the ministry was finalizing a draft that would be submitted to the House of Representatives for further deliberation. Budi said such a law would provide better legal certainty and encourage investment.

Australian investors, for example, had shown interest in investing in pearls in Lombok, West Nusa Tenggara (Lombok), Budi said.

“We need to regulate the pearl industry. We currently have no such rule. We expect all investors to abide by the regulations we have established for land use planning. he said. (acr / bbn)


Bonny J. Streater

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