Mega township for Bintan

Sat, 16 Nov 1996, 00:00 WIB | Source: JP

JAKARTA (JP): Three firms from Indonesia, Malaysia and
Singapore are setting up a joint venture, PT Kemayan Bintan, to
develop a S$1 billion (US$714.3 million) township on Bintan
island in Riau.

PT Tetira Pratiwi Development of Indonesia, Kemayan Project
Sdn Bhd of Malaysia and Meridian Entity Pte Ltd of Singapore are
scheduled to sign a joint venture agreement on Nov. 18 in Johor
Bahru, Malaysia.

Kemayan Bintan is being set up to develop Kota Kemayan Bintan,
an 1,100-hectare integrated township. It will include a ferry
terminal, marina facilities, apartments, houses, shops, offices,
shopping centers and hotels.

Bintan is located within the Indonesia-Malaysia-Singapore
Growth Triangle. (icn)

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