Kutai gets US$210m German loan

Thu, 27 Nov 2003, 00:00 WIB | Source: JP

SAMARINDA, East Kalimantan: PT Tunggang Parangan, a company
controlled by the Kutai Kertanegara regency administration, has
received a US$210 million loan from German-based construction
company Brohult Bijkerk Ltd., an official said.

The loan will be used to finance the construction of an
airport in the regency, said Dahri Yasin, the president director
of construction and transportation company PT Tunggang Parangan.

He said that the loan had to be repaid in 15 years.

Syaukani, the regent of Kutai Kertanegara, said the regency
was in dire need of an airport.

Currently, the nearest airport is located in Balikpapan, about
119 kilometers from Kutai. The trip from Kutai to Balikpapan
takes about 2.5 hours by land transportation.

"The Sepinggan Airport in Balikpapan is located quite far away
from Kutai. It will save money and time if an airport is
constructed here," said Syaukani.

Work on the new airport is expected to begin immediately. --
JP

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