Deal with Police mutually beneficial says developer<\/p>\n
JAKARTA (JP): The developer of the planned new City Police
\nheadquarters said the barter agreement between the company and
\nthe police would be mutually beneficial given tight control by
\nthe government.<\/p>\n
Moniek S.W. Sudjatmoko, the director of the developer PT
\nMandalapratama Permai, said yesterday an inter-departmental team
\nof police, the Army, the Ministry of Defense, the Ministry of
\nFinance, the developer, and consultants of both parties would
\nthoroughly evaluate the barter agreement before construction
\nbegan.<\/p>\n
\"The team would work once all necessary permits are secured,\"
\nshe said.<\/p>\n
The company is owned by Hutomo Mandala Putra, the President's
\nyoungest son. It secured a deal with the Police in 1995 after it
\nwon a bid over five other companies.<\/p>\n
Two were affiliated to the Citra business group owned by Siti
\nHardiyanti Rukmana, the President's eldest daughter.<\/p>\n
Moniek is sure the project to build a new police headquarters,
\na three-star hotel and a commercial center, including a mall,
\nwould begin this year.<\/p>\n
Investment in the project would reach around Rp 1 trillion,
\nMoniek said, and it should be completed in two years.<\/p>\n
She was responding to doubts, voiced by councilors, about
\nwhether the barter agreement on the 14.5-hectare site project
\nwould really benefit the police.<\/p>\n
\"The police sound sure about this,\" she said, adding they were
\nunlikely to accept an unfavorable deal.<\/p>\n
Last year the Supreme Audit Agency (Bepeka) announced that
\nseveral property barter deals involving central government assets
\nled to losses of Rp 2.76 billion between October 1995 and March
\n1996. One of the deals was an agreement on the razed National
\nPolice headquarters in South Jakarta, reports said.<\/p>\n
Lack of official supervision was said to have caused the loss.<\/p>\n
Moniek claimed the company's proposal was going through the
\nnecessary procedures. She confirmed earlier statements by Hutomo,
\nknown as Tommy, that the proposal was at the Ministry of Defense,
\nand would be forwarded to the Ministry of Finance.<\/p>\n
\"Then Tommy will take over (permits) and seek approval from
\nthe President,\" she told The Jakarta Post. Barter agreements or
\nsale of state property worth more than Rp 10 billion must have
\nthe President's approval.<\/p>\n
The proposal will then go to the State Secretariat and other
\ngovernment offices before the company deals with city offices,
\nMoniek said.<\/p>\n
National Police Chief Lt. Gen. Dibyo Widodo said earlier the
\nbarter deal would definitely go through once necessary permits
\nwere acquired.<\/p>\n
The estimated value of the property is Rp 538 billion
\nincluding interest for the period of the three-year agreement.<\/p>\n
Negotiations<\/p>\n
The estimated value would be the basis of negotiations with
\nthe team evaluating the project, Moniek added.<\/p>\n
\"We would make certain adjustments, if, for instance, we are
\nasked to build extra facilities, but we would still refer to this
\nestimate.\"<\/p>\n
The value was determined by considering the city revenue
\nagency's estimation, and estimations of the district office, she
\nsaid. Estimates based on only market price would render the
\nfigure too high, she added.<\/p>\n
The city estimates land on Jl. Jend. Sudirman is Rp 9 million
\nper square meter.<\/p>\n
\"We know the market price of the land there is very high,\" she
\nsaid, \"But a property barter deal involves more expenses (than
\nland price),\" she said.<\/p>\n
PT Mandalapratama Permai helped the police acquire a
\ncertificate for its land, she said. In the agreement six hectares
\nof the plot will belong to the company. (anr\/ste)<\/p>",
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