Surabaya, E Java (Antara) - The Surabaya city government in East Java has slashed its investment growth target for this year to 10 percent, citing infrastructure and security problems as reasons. "The Surabaya city government is trying its best to provide licensing services and improve road infrastructures," Head of the Surabaya City Investment Service Coordinating Board Eko Agus Supiadi Sapoetra said here on Tuesday. The move is aimed at attracting more investments, particularly in the trade and services sectors, he added. Moreover, the city government has committed itself to become a trade and services city by banning the construction of new factories in the capital of East Java province, he noted. "Investment in the city reached Rp30 trillion in 2014, up 25 percent from 2013. We have set our investment growth target for this year at 6 to 10 percent. We hope it (the 2015 investment growth) will be higher than that," Eko remarked. He pointed out that nearly 20 percent of the investment is foreign and 80 percent is domestic investment. To attract more investments, the city needs to provide investors with better access to its port by building railway tracks to link them, he added. The city government will continue building new roads to ensure easier and faster flow of goods by building frontage roads on the eastern and western sides of Ahmad Yani Street and mid-eastern ring road, he explained. (*) Reported by Abdul Hakim

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