New market area to be ready soon<\/p>\n
JAKARTA (JP): The market festival project, designed to give
\nJakarta the latest concept in leisure, sports and recreation, on
\nJl. Rasuna Said in Kuningan, South Jakarta, is expected to be
\ncompleted soon, an executive of the project said yesterday.<\/p>\n
Hamizar Hamid, president of PT Catur Swasakti Utama, said
\nafter signing a syndicated loan of Rp 43 billion (US$19.54
\nmillion) to finance construction of the project, the facilities
\nwill be ready for the soft opening before Indonesian Independence
\nDay celebrations on Aug. 17.<\/p>\n
The syndicated loan was signed by Hamid and Thomas Tampi,
\ndirector of Bank Universal, which leads the loan syndication.
\nPT Catur Swasakti Utama is a subsidiary of the Bakrie Group.<\/p>\n
The project, which costs about Rp 100 billion, is being
\ndeveloped, in cooperation with the city administration, to
\nrenovate the outdated Soemantri Brodjonegoro Student Sports
\nCenter.<\/p>\n
Harmil Singh, chief executive of Bakrie Pesona Rasuna, said
\nthat facilities in the project include the Pasar Festival, the
\nrenovated Brodjonegoro Sports Center and Club Rasuna.<\/p>\n
Harmil said that once finished, the project will become
\nJakarta's local equivalent of the Festival Market concept made
\nfamous by Convent Garden in London, Darling Harbor in Sydney and
\nClark Quay in Singapore.<\/p>\n
\"The difference is that the combination of Pasar Festival and
\nthe Soemantri Brodjonegoro Sports Center will provide the city's
\nmost extensive and varied facilities for sports, dining, shopping
\nand other forms of recreation,\" he added. (hhr)<\/p>",
"url": "https:\/\/jawawa.id\/newsitem\/new-market-area-to-be-ready-soon-1447893297",
"image": ""
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"sponsor": "Okusi Associates",
"sponsor_url": "https:\/\/okusiassociates.com"
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