MKY to reclaim Jakarta shore

MKY to reclaim Jakarta shore

JAKARTA (JP): PT Manggala Krida Yuda (MKY) is to reclaim 500 hectares of Jakarta's northern shoreline, according to a press report.

On Monday a cooperation agreement on the shore reclamation project, in east Ancol, was signed by Siti Hutami Endang Adiningsih, the company's chief commissioner, and Suntoro, chief commissioner of state-owned PT Pelabuhan Indonesia II, the Bisnis Indonesia daily reported.

Adiningsih is President Soeharto's youngest daughter.

Under the agreement, MKY will dredge the coast off Ancol beach in North Jakarta to fill the shoreline at East Ancol.

According to the report, MKY will reclaim a total of 500 hectares but will hand over 125 hectares of that area to PT Pelabuhan Indonesia II for the expansion of Jakarta's Tanjung Priok port.

The remaining 375 hectares of reclaimed land will be developed for business, services, commercial, recreational and housing purposes, the daily said, but did not reveal the amount of money to be invested in the project. (hhr)