Aussie firm enters RI tourism business<\/p>\n
JAKARTA (JP): PT Banten Tourism Development Corp. has set up a
\njoint venture with Axiom Properties Ltd. of Australia to build
\ntourism facilities at the Tanjung Lesung tourism resort, Banten,
\nWest Java.<\/p>\n
Chief Commissioner of PT Banten Tourism Sudwikatmono said the
\njoint venture agreement was signed here Thursday by Dany
\nIskandar, the executive director of PT Banten Tourism, and David
\nPringle, the managing director of Axiom Properties.<\/p>\n
The signing was witnessed by Minister of Tourism, Post and
\nTelecommunications Joop Ave, Australian Ambassador to Indonesia
\nJohn McCarthy, Sudwikatmono and Billy Ibrahim, chief commissioner
\nand commissioner of PT Banten Tourism respectively.<\/p>\n
Sudwikatmono said that the joint venture -- called PT Tanjung
\nLesung Leisure Industry -- would develop around 140 hectares of
\nthe 1,500 hectares currently controlled by PT Banten Tourism into
\ntourist resorts.<\/p>\n
Pringle said PT Tanjung Lesung would build marine parks, piers
\nand golf courses on the 140-hectare site with an investment of
\nUS$115 million within the next three years. The first phase is
\nscheduled to cost $54 million.<\/p>\n
\"The piers will start operating in the middle of next year,\"
\nhe said.<\/p>\n
He said Axiom Properties would initially own 21.6 percent of
\nthe total joint venture. \"But after a year Axiom will increase
\nits share to 49 percent,\" he said, adding, \"The tourism business
\nis promising here.\"<\/p>\n
Despite the bright prospects, however, investors were not keen
\nto invest in the sector because of poor infrastructure in many
\nparts of the country, he said.<\/p>\n
Pringle said that the government should improve the
\ninfrastructure in order to attract foreign investors.<\/p>\n
Sudwikatmono said PT Banten Tourism would operate the Tanjung
\nLesung resort as part of its 1,500-hectare tourism site. (bnt)<\/p>",
"url": "https:\/\/jawawa.id\/newsitem\/aussie-firm-enters-ri-tourism-business-1447893297",
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"sponsor": "Okusi Associates",
"sponsor_url": "https:\/\/okusiassociates.com"
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