Indonesian Political, Business & Finance News

Curug market renovation halted

| Source: JP

Curug market renovation halted

TANGERANG: Renovation work at Curug market has been halted by
private developer PT Bangun Prima Sarana because the traders
refused to pay the down payment for their kiosks.

"Since the renovation began in January, there's not much
progress in the construction work," complained Subarda, a
45-year-old trader.

Another trader Sarifah, 50, said that they were only given 18
months to pay for the kiosks, each of which is priced at between
Rp 50 million (US$5,780) and Rp 60 million.

Fire razed the market in late 2002. The Rp 19 billion
renovation project is scheduled to be completed in January 2006.
-- JP

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