Private firm enlisted to raise PON funds<\/p>\n
JAKARTA (JP): A Rp 7 billion (US$3.1 million) deal with a
\nprivate firm to help finance next year's 14th National Games
\n(PON) was signed yesterday by Jakarta Governor Surjadi Soedirdja,
\nwho is the Games' organizing committee chairman.<\/p>\n
The deal obliges the firm, PT Citrahasa Promotama, to collect
\nfunds by means of sponsorships, advertising, the sale of
\nbroadcasting rights and other fund-raising activities such as the
\nsale of souvenirs and gala dinner tickets.<\/p>\n
All these fund gathering activities are estimated to bring in
\na gross income of Rp 10.75 billion, Rp 7 billion of which is
\nearmarked for financing the Games, a committee official said
\nyesterday.<\/p>\n
The deal was in the form of a memorandum of understanding.<\/p>\n
According to the memorandum, PT Citrahasta was chosen out of
\n13 companies invited to submit proposals, including private
\ntelevision stations RCTI, SCTV and advertising house PT Inter
\nAdmark.<\/p>\n
Jakarta has hosted the quadrennial Games eight times since
\n1951. Jakarta was scheduled to host the Games for the ninth time
\nin 1997, but due to the general election the Games were
\nrescheduled to 1996.<\/p>\n
Two years ago, the Games' organizing committee spent a total
\nof Rp 18 billion in hosting PON, Rp 2.5 billion of which was
\ngarnered from fees on public services, another Rp 2.5 billion was
\nfrom the city budget, around Rp 5 billion was from the now
\ndefunct government-sponsored lottery Sumbangan Dana Sosial
\nBerhadiah, and the rest was collected from the private sector.<\/p>\n
In 1993, the committee spent most of the fund to finance the
\nreconstruction project of sport venues and half of the daily
\nexpenses of more than 8,000 athletes and officials who took part
\nin the Games. (arf)<\/p>",
"url": "https:\/\/jawawa.id\/newsitem\/private-firm-enlisted-to-raise-pon-funds-1447893297",
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"sponsor": "Okusi Associates",
"sponsor_url": "https:\/\/okusiassociates.com"
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