Indonesia – infrastructure spending to drive cement demand
A finance ministry official said government capital spending in 2012 would be directed mostly for basic infrastructure development projects. "Especially infrastructure projects of the ministry of public works such as road, bridge, irrigation network, airport and seaport development projects," the director general of budget affairs, Herry Purnomo told Antara News.
The allocation of capital spending in the 2012 budget is expected to reach IDR168.1tr or 2.1 percent of the country’s gross domestic product. According to analysts at ICR Research, this level of support for infrastructure development will ensure continued double-digit growth for the Indonesian cement consumption, which is expected to grow to 45Mt in 2011, up 15 per cent from last year. Published under Cement News
