Jokowi-Xi bilateral at Silk Road Summit

President of Indonesia, Joko Widodo

President of Indonesia, Joko Widodo

Jokowi-Xi bilateral at Silk Road Summit

15/05/17

By Samantha Deave

President Jokowi of Indonesia held a bilateral meeting with President Xi Jinping of China during the Silk Road Summit in Beijing on Sunday. Three deals were signed, including a US$4.5 billion loan agreement with the China Development Bank for the Jakarta-Bandung high-speed railway project.

The Indonesian President, who headed a delegation of 11 cabinet ministers, was seeking investment in infrastructure development in Indonesia as part of the Maritime Silk Road which will run through Southeast Asia.

He said in the bilateral that the Belt and Road initiative would create fresh momentum for Chinese-Indonesian economic cooperation.

Indonesian Foreign Minister Retno Marsudi and her Chinese counterpart Wang Yi signed a deal on the implementation of comprehensive strategic partnership between the two countries in 2017-2021. The second agreement, on economic and technical cooperation, was signed by Minister for National Development Planning Bambang Brodjonegoro and Chinese Trade Minister Zhong Shan.

In a third deal, a consortium of Indonesian and Chinese companies building Indonesia’s first high-speed railway signed a $4.5-billion loan with the China Development Bank. The head of the consortium, Hanggoro Budi Wiryawan, and the chairman of China Development Bank, Hu Huaibang, signed the loan agreement during President Jokowi’s bilateral with President Xi. See the Bangkok Post report here.

At the meeting, President Jokowi also asked the Chinese government to cooperate with the Indonesian government in mega projects including the integrated economic corridor of North Sumatra, the Kuala Tanjung port facilities and access road from Medan up to Sibolga, highway and railway infrastructure in Bitung-Manado-Gorontalo, a seaport and airport in North Sulawesi, and an energy project in North Kalimantan.

The summit has seen 29 Heads of State and government in attendance. The UK was represented by Chancellor Philip Hammond.