Jakarta to get world's tallest tower<\/p>\n
Damar Harsanto, The Jakarta Post, Jakarta<\/p>\n
The fact that Indonesian people have a per capita income of only
\nUS$710 per annum according to the World Bank does not appear to
\nembarrass the Jakarta Administration as it pushes ahead with its
\nplan to restart the construction of the 558-meter Jakarta Tower,
\nclaimed to be the tallest tower in the world.<\/p>\n
The Rp 2.7 trillion (US$314 million) project will stand tall
\nin Kemayoran, Central Jakarta, and will replace the capital's
\ncurrent landmark, the National Monument (Monas), which was built
\nduring the president Sukarno era.<\/p>\n
The Jakarta Tower will be higher than the 553-meter Canadian
\nNational Tower in Toronto, Canada, currently the world's tallest
\ntower.<\/p>\n
Jakarta Governor Sutiyoso, accompanied by State Secretary
\nBambang Kesowo, officiated at the restart of construction on
\nThursday.<\/p>\n
\"This large-scale project when completed will become a symbol
\nof pride for Jakarta as well as Indonesia,\" Sutiyoso said.<\/p>\n
He said the construction of the tower was in line with the
\ngrand design in the capital's masterplan, which positioned the
\nKemayoran area as a main center for development.<\/p>\n
PT Prasada Japa Pamudja, a consortium of individuals and
\nmedium-scale companies, is the sole developer of the project.<\/p>\n
However, company director, Ferry Sangeroki, refused to name
\nthose involved in the project, saying only that \"more than 100
\ncompanies and individuals\" were participating.<\/p>\n
He said the project would be financed in three ways: equity
\nparticipation (Rp 400 billion), syndicated loans (between Rp 600
\nbillion and Rp 800 billion) and pre-project sales (around Rp 1.3
\ntrillion).<\/p>\n
The Jakarta Tower compound will cover a total of 40,550 square
\nmeters, comprising a 10,000-capacity convention center, a four-
\nstar, 200-bedroom hotel, a 4,000-square-meter education center,
\n8,000 square meters of office space, a revolving restaurant and
\nan observation deck.<\/p>\n
The tower is expected to be open by 2010.<\/p>\n
The ground breaking ceremony for the Jakarta Tower took place
\nin 1997 during the time of governor Surjadi Soedirdja and state
\nsecretary Moerdiono. The project's developer at that time was PT
\nIndocitra Grahabawana, which was owned by Sudwikatmono, former
\npresident Soeharto's stepbrother.<\/p>\n
The project had to be suspended due to the 1997 economic
\ncrisis, which dealt a severe blow to all sectors, including
\nconstruction.<\/p>",
"url": "https:\/\/jawawa.id\/newsitem\/jakarta-to-get-worlds-tallest-tower-1447893297",
"image": ""
},
"sponsor": "Okusi Associates",
"sponsor_url": "https:\/\/okusiassociates.com"
}