City council OKs street acquisition

JAKARTA (JP): The city council has approved the reimbursement of Rp 37.8 billion (US$4.02 million) from the Central Bank (BI) for a change of land utility of a city asset in the form of a street formerly known as Jl. Budi Kemuliaan I.

The 2,673 square-meter street was closed in 1991 for an expansion project of the bank.

Dated Dec. 4, 2000, the approval, the copy of which was obtained by The Jakarta Post on Friday, was signed by City Council Speaker Edy Waluyo.

The agreement was issued following Governor Sutiyoso's request dated Oct. 11, 2000.

There is no explanation over when the money will be disbursed.

Edi's letter also marked the city council's endorsement of the change of land usage of the street. (dja)