State firms to help finace N-2130 jet<\/p>\n
JAKARTA (JP): Twenty one state firms overseen by the Ministry
\nof Industry and Trade will help finance the US$2 billion jet
\nproject of state-owned aircraft manufacturer PT IPTN, an official
\nsaid here yesterday.<\/p>\n
The ministry's secretary general, Aidil Juzar, said the 21
\nfirms have been persuaded to buy shares worth Rp 70 billion
\n(US$30 million) in PT Dua Satu Tiga Puluh (DSTP).<\/p>\n
DSTP is a company set up in February by President Soeharto in
\na private capacity to finance the construction of the 100-seater
\nN-2130 jets. DSTP is offering shares to the public to generate
\nthe needed funds.<\/p>\n
Minister of Agriculture Sjarifudin Baharsjah said earlier this
\nweek that state firms overseen by his office will contribute Rp
\n73 billion to the project.<\/p>\n
Earlier this year, Minister of Forestry Djamaludin
\nSuryohadikusumo revealed that state firms overseen by his office
\nhad bought 15,100 DSTP shares worth $15.1 million.<\/p>\n
When the company was founded in February, Soeharto owned
\n44,950 priority shares worth Rp 103.38 billion, while nine
\ntycoons owned 45,000 priority shares worth Rp 103.5 billion.<\/p>\n
On Thursday, Soeharto called on regents and city mayors to
\nlead the fund raising campaign in their respective areas for the
\njet project.<\/p>\n
A number of critics have blasted the government-backed
\nfund-raising campaign for the jet project as another possible
\nfactor contributing to high costs in the country's economy. (rid)<\/p>",
"url": "https:\/\/jawawa.id\/newsitem\/state-firms-to-help-finace-n-2130-jet-1447893297",
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