52 companies interested in giant waterfront project
52 companies interested in giant waterfront project
JAKARTA (JP): Fifty two companies have expressed an interest
in taking part in the giant waterfront project, including land
reclamation, in the Jakarta Bay.
The companies gathered yesterday at a presentation of the
reclamation project plan by Governor Surjadi Soedirdja in Ancol,
North Jakarta. Surjadi officially invited the companies to invest
in the huge project.
The head of the project's executive board, Sidharta said 35 of
the companies are interested in developing the coastal areas,
five in reclamation work, and 12 are law, technical and
management consultants.
"Five of the 12 consultants are from the Netherlands, Canada
and Australia," Sidharta said.
"The huge project is scheduled to begin in 1997 and I urge
private companies who are interested in investing in the project
to register soon," Governor Surjadi said.
A private developer PT Manggala Karya Yudha, owned by
President Soeharto's youngest daughter Siti Hutami Endang
Adiningsih, has started to reclaim a total of 500 hectares of
shoreline in east Ancol.
The company has started the first phase, which covers about 75
hectares of land. The company's total investment for the project
is about Rp 1 trillion (US454.54 million).
The reclamation work is being conducted in cooperation with
the state-owned port managing company PT Pelindo II.
The city administration plans to create a total of 2,700
hectares of new land along 32 kilometers of the Jakarta Bay, from
Pluit in the west to Cilincing in the east.
The additional land will be divided into several functions:
1,222 hectares for residential areas, 88 hectares for a business
district, 426 hectares will be used as a combination of
industrial estates and business areas, 37 hectares for green
space, 420 hectares for mangrove forest, 136 hectares for port
and industrial facilities and 371 hectares for other sites.
90 years
The 30 year-long project has been approved by President
Soeharto through Presidential Decree No. 52/1995 and since the
city administration has decided not to use the city budget or
state budget, private companies are being invited to participate.
Sidharta said that the investors would be granted the
concession for 30 years, but "We may extend it to 90 years as the
investors in the island of Bintan get. Thirty years concession
time is too short for most investors."
The waterfront city will be divided into three zones: the
western zone (from Pluit to Kamal Muara) will used as an
extension to existing residential areas, the central zone (from
Pluit to Koja) will be used as central business district with
high-rise housing, and the east zone (from Koja to Cilincing)
will be used for a extension to Tanjung Priok port, a business
center and low-cost residential areas.
The new land is expected to relieve land scarcity in the city,
which has become a very expensive commodity. Land prices in the
city, range from $1,000 to $2,000 per square meter. The (new)
land in the waterfront city is expected to range between $600 and
$800 per square meter.(yns)