Business centers near completion

Business centers near completion

JAKARTA: Two business centers in Muara Karang and Pluit, North
Jakarta, which will cost an estimated Rp 26.35 billion (US$2.53
million) to build, will be finished in the first quarter of 2002.

"Construction on the 5,201-square-meter plot of land in Muara
Karang is 80 percent complete, while the center on Jl. Pluit
Sakti is 90 percent built and nearing completion," said the
senior secretary manager of PT Jakarta Propertindo (Jakpro), Budi
Sulistiyo, as quoted by Antara on Monday.

Both centers are being built on land owned by PT Jakpro, a
city-owned enterprise focusing in construction, in cooperation
with the private sector.

The company is cooperating with PT Pondok Permata Indah Permai
(PPIP) in building the center in Muara Karang, which will house a
44 shop/house complex valued at Rp 10.7 billion. The center will
also feature a Rp 600 million tennis court.

PT Jakpro is also cooperating with PT Kencana Megah Dian Abadi
to build the other center on a 7,313-square-meter lot in Pluit.

"The center will contain 61 shops/houses worth Rp 15.05
billion," said Budi.

PT PPIP and PT KMDA are obliged to submit Rp 14.95 billion and
Rp 20.427 billion respectively to PT Jakpro in the 30-year Build-
Operate-Transfer project. -- JP