ADB Approves $400M Loan Program for Indonesia

The Asian Development Bank (ADB) has approved a $400 million loan to help Indonesia enhance its investment climate, crucial for sustainable growth and social development. The program's first phase focuses on creating a more open business environment, expanding infrastructure, and improving public procurement. It also aims to enhance the public-private partnership framework to attract private financing. This initiative comes as Indonesia's economic growth slows to around 5% annually. President-elect Joko Widodo aims to boost growth to over 6% by encouraging investment and supporting infrastructure development, requiring $454 billion over five years.

What total amount has the Jokowi administration identified as necessary for infrastructure projects over the next five years?

What specific infrastructure projects did Jokowi mention as necessary to undertake?