Indonesian Political, Business & Finance News

Netherlands firm to invest in Sorong

| Source: JP

Netherlands firm to invest in Sorong

SORONG, Papua: A private company from the Netherlands, NV
Waterleiding Maatschappy Drenthe (WMD), plans to invest in the
construction of water plants in six regions in Papua, including
Sorong, Manokwari and Jayapura municipalities.

Karst Hoogsteen, the company's president director, said on
Friday the investment would help local residents overcome water
shortages in the six regions.

Hoogsteen would not go into detail on the value of the
investment, merely saying his company would contribute half of
the total cost of the project, which is scheduled to begin soon.
-- JP

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