Indonesian Political, Business & Finance News

Dutch to build estate at Kramat Tunggak

| Source: JP

Dutch to build estate at Kramat Tunggak

CIPAYUNG, West Java (JP): Dutch companies, in cooperation with
local firms, are planning to build a housing and office complex
on the site of the former Kramat Tunggak red-light district in
North Jakarta, Deputy Governor for Social Affairs Djailani said
on Thursday.

Djailani, however, said he could not remember the precise name
of the investors.

"It will be a private-to-private initiative. The city
administration will only act as a facilitator," he said after
attending a meeting between city councillors and officials here.

"The administration, however, will have its own share in the
project as we own half of the land. We have yet to decide on it.
Perhaps the project will be on a build-operate-transfer (BOT)
scheme," Djailani added.

The investors, he said, would build a housing complex for
female labors working in the nearby Nusantara Bonded Zone (KBN)
industrial estate.

"In their proposal, the investors plan to provide space for
small industries and commercial businesses for local residents to
get their daily income," he added.

The former red-light district, established in 1970, covers an
area of some 11 hectares, of which 5.8 hectares are owned by
local residents. Governor Sutiyoso officially closed it down on
Dec. 8 last year. (nvn)

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