Indonesia needs huge investments of some 500 trillion rupiah (54.7 billion U.S. dollars) to finance over 100 giant infrastructure projects ranging from power plants to toll roads, Vice President Jusuf Kalla said Friday.

"It's a very huge sum of money. We estimated at 500 trillion rupiah," he told reporters here.

"We need, among other things, 70 trillion rupiah (7.6 billion dollars) for electricity, 50 trillion rupiah (5.47 billion dollars) for roads, 50 trillion rupiah for housing."

Kalla said the government is determined to launch the giant infrastructure projects in the archipelago within the next three and four years.

Indonesia will host the international infrastructure summit in November, aiming to attract potential investors who will develop partnership projects with the government.

The November investment forum will follow similar summit last year, which failed to net the targeted investment value.

Of total 96 projects offered last year, only six projects attracted investment bids.

Source: Xinhua