South Korea to Fund Indonesia Reservoir Project

South Korea is to provide $100m through the Korean International Cooperation Agency (KOICA) to Indonesia to finance the construction of the Karian Reservoir in Banten, Indonesia.

The Karian Reservoir will have a capacity of 310 million cubic metres and will benefit four million people in Banten and Jakarta, according to bernama.com.

The reservoir is expected to reduce Jakarta’s dependence on the Citarum River and supply water to Tangerang, Bekasi, Serang and parts of Bogor and Cilegon for industrial purposes.

Indonesia is to float a tender for the reservoir project in August 2011 and complete the project within three to four years.