Local people asked to finance jet project<\/p>\n
JAKARTA (JP): Senior government officials in East Kalimantan
\nand South Sulawesi have asked local residents to help finance the
\nUS$2 billion jet project of the state-owned aircraft manufacturer
\nPT Industri Pesawat Terbang Nusantara (IPTN).<\/p>\n
East Kalimantan Governor H.M. Ardans said in the province's
\ncapital city of Samarinda yesterday that local people, including
\ncivil servants, were also expected to buy shares in PT Dua Satu
\nTiga Puluh (DSTP), a company set up by the government in February
\nto finance the construction of the 100-seater N-2130 jets.<\/p>\n
DSTP was set up with initial paid-up capital of Rp 920
\nbillion. This will eventually be increased to Rp 4.6 trillion.<\/p>\n
\"Residents, especially civil servants, should buy at least one
\nof DSTP's shares. Buying two or more will be much more
\nappreciated,\" Ardans was quoted by Antara as saying.<\/p>\n
He said that DSTP's shares would be sold for Rp 25,000 each
\nand that local people would be allowed to pay for the share
\npurchase over four years.<\/p>\n
Ardans, however, warned that people should not expect too much
\nfrom their share purchases because they could only receive gains
\nin the next four years.<\/p>\n
According to Antara, the East Kalimantan chapter of the
\nIndonesian Development Employee Association has bought a number
\nof DSTP shares for Rp 50 million (US$21,222).<\/p>\n
Syamsul Alam Bulu, mayor of Pare-pare, a port city in South
\nSulawesi, also made a similar appeal to local people to support
\nthe jet project.<\/p>\n
The appeal was made in a recent special meeting with social
\nleaders in the Pare-Pare mayoralty.<\/p>\n
President Soeharto, in his capacity as DSTP's chairman, has
\nrecently called on regents and mayors in the country's 27
\nprovinces to encourage people in their respective territories to
\ntake part in financing the jet project.<\/p>\n
A number of state-owned companies have expressed their
\nintention to buy DSTP stock. Twenty one state firms overseen by
\nthe Ministry of Industry and Trade have pledged to buy DSTP
\nshares worth Rp 70 billion ($30 million).<\/p>\n
Minister of Agriculture Sjarifudin Baharsjah said that state
\nfirms overseen by his office would contribute Rp 73 billion to
\nthe project. In addition, state firms overseen by the Ministry of
\nForestry would also spend $15.1 million on the jet project. (hen)<\/p>",
"url": "https:\/\/jawawa.id\/newsitem\/local-people-asked-to-finance-jet-project-1447893297",
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