PPD's restructuring funds calculated

PPD's restructuring funds calculated

JAKARTA (JP): The government has appointed an independent
consultant, Bahana, to calculate the funds needed for the
restructuring of the ailing state-owned bus company, PPD,
Minister of Finance Prijadi Praptosuharjo said.

The funds required would depend on what needed to be done to
save the company, including the program for rejuvenation of the
buses, he said, after a limited ministerial meeting on economic
matters led by Vice President Megawati Soekarnoputri, Antara
reported.

The government had earlier planned to close down the company,
which always suffered losses despite the government subsidy. But
the plan was aborted by the then minister of communications Agum
Gumelar, who is now coordinating minister of political, social
and security affairs.

Agum had agreed to buy 1,550 buses from China for the
rejuvenation program.