Firm to manage reclamation project set up<\/p>\n
JAKARTA (JP): The City Council set up Thursday a joint-venture
\ncompany to carry out the reclamation project in the North Jakarta
\ncoastal area.<\/p>\n
The company PT Pembangunan Pantai Utara Jakarta would work
\nunder the auspice of the North Jakarta Reclamation Implementation
\nBoard and seek cooperation with third parties to invest in and
\nmanage different sectors under the project.<\/p>\n
The lineup of the company's executives has yet to be revealed.<\/p>\n
The establishment of the joint venture company, proposed by
\nthe administration, was announced in a plenary meeting between
\nthe City administration executives and the City Council.<\/p>\n
Deputy Governor for Economic and Development Affairs Tb.M.
\nRais represented Governor Suryadi Soedirdja in the meeting.<\/p>\n
Council Speaker M.H. Ritonga, representatives from the United
\nDevelopment Party, Golkar and the Indonesian Democratic Party
\nattended the meeting at the City Council office.<\/p>\n
Ritonga said that the company needed a basic capital of Rp 10
\nbillion (US$4.1million).<\/p>\n
But for the time being the money available was only Rp 5
\nbillion. \"Rp 4.95 billion of which will come from the city
\nadministration, while another Rp 50 million will be from the
\nCivil Servants Corps (Korpri) foundation,\" he said.<\/p>\n
The plenary meeting also agreed that part or the 2,700 hectare
\nland to be reclaimed in the project would be transferred to the
\ncompany, as an additional of the city investment in the project.<\/p>\n
The head of the City's Development Planning Board, Budihardjo
\nSoekmadi, told reporters after the meeting that the price of the
\nland affected by the reclamation project would be based on the
\nmarket. \"The reclamation costs would not affect the price of
\nland,\" he said.<\/p>\n
The municipality would announce the prices of the land values
\nevery year, he said. \"This is significant to determine the amount
\nof compensation given to residents whose property affected by the
\nproject.\"<\/p>\n
The reclamation board had earlier said that the price of the
\nland in the reclaimed are was estimated at US$200 per square
\nmeter.<\/p>\n
The project, which would consist of residential, business,
\nrecreational and tourist attractions, would stretch 32 kilometers
\nalong the Jakarta Bay, from Pluit in the west to Cilincing in the
\neast.<\/p>\n
The 1997 land prices in Pluit, Penjaringan district ranged
\nfrom Rp 103,000 (US$42.4) to Rp 2,925,000, while in Cilincing
\ndistrict the values were from Rp 64,000 to Rp 1,573,000. In
\nTanjung Priok district, the prices were between Rp 128,000 and Rp
\n2,508,000.<\/p>\n
Budihardjo said that the reclamation project would start after
\nthe detailed environmental impact analysis was completed.<\/p>\n
\"Detailed environmental impact analysis is crucial in such a
\nhuge project,\" he said.<\/p>\n
So far only the regional environmental impact analysis has
\nbeen already completed. \"The regional analysis functions only as
\na guideline for environmental management and supervision,\"
\nBudihardjo said.<\/p>\n
Councilor L.H. Sinaga said the outline was already approved by
\nthe City's Environmental Impact Analysis Commission and the
\nEnvironmental Impact Management Agency.<\/p>\n
The project, which would reclaim 2,300-hectare of land, not
\nincluding the 400-hectare land at the Tanjung Priok Port, would
\nbe carried out through three stages scheduled to be completed
\nwith in 15 years.<\/p>\n
The first five-year stage would be used to reclaim a 900-
\nhectare of land, while the second and the third would reclaim
\nanother 600 and 800 hectare respectively.<\/p>\n
Anthony Salim of the widely diversified Salim group has joined
\nthe project and would reclaim 600 hectares in the northern part.
\n(ste)<\/p>",
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"sponsor": "Okusi Associates",
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