Indonesian Political, Business & Finance News

Mangga Dua Square kicks off

| Source: JP

Mangga Dua Square kicks off

JAKARTA: City Governor Sutiyoso inaugurated on Monday the
commencement of construction of a foot bridge over Jl. Gunung
Sahari, North Jakarta which will connect Mangga Dua Mall to the
soon-to-be erected Mangga Dua Square.

The bridge will be the main link connecting Mangga Dua
shopping areas and a new shopping center called the Mangga Dua
Square.

The bridge, being constructed by a private developer PT
Mandiri Dipta Cipta, would be handed over to the city
administration in the next four months.

The developer's director, Herbowo said the Mangga Dua Square
would be built on an 8.5-hectare piece of land formerly the site
of the state-run Maritime Science Academy, which has been
relocated to a 46-hectare area in Marunda, North Jakarta.

Herbowo went on to say that the Mangga Dua Square, which would
house more than 265 shop-houses, a hypermarket, a shopping center
and a bowling alley, will need an investment of approximately Rp
1 trillion (US$111 million).

Without speculating on a date that the project would be
completed, Herbowo, who is a former Jakarta deputy governor for
economic and development affairs, claimed the center would become
the largest retail trading center in the country. -- JP

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