Indonesian Political, Business & Finance News

Private companies help renovate schools

| Source: JP

Private companies help renovate schools

Multa Fidrus, Tangerang

A campaign launched by the Tangerang municipal administration to
involve businesspeople in its plan to renovate damaged school
buildings has generated a good response as some 20 companies have
committed to parts of the project, which will start in October.

"Although we have allocated 42 percent of the total Rp 590
billion (US$66.2 million) budget this year to education, we still
need more for school renovation," Mayor Wahidin Halim told The
Jakarta Post on Tuesday.

"We can't postpone the project till next year, because we fear
the damaged buildings could collapse on teachers and students at
any time."

Wahidin said 180 school buildings needed to be renovated in
the Rp 180 billion project.

The administration will invite another 200 companies in the
municipality to a meeting next month to introduce the school
renovation plan.

Assistant to the city secretary for development affairs
Istiarso Suryo said that Tangerang City Council had approved the
administration's proposal for the project, claiming that the
private companies would also enjoy financial benefit.

"The investors will receive interest on the money they have
invested in the project. The administration will repay one-third
of the total investment each year, plus interest," he told the
Post on Tuesday.

He calculated that should the first phase of the renovation
start next month and be completed in January 2005, "investors
would receive the first repayment of the loan in February".

Istiarso claimed that the administration had formed a team
whose tasks were to plan and supervise the school renovation
projects.

Also on the same day, non-governmental organization Tangerang
Regency Educational Council (DPKT) urged the 45 new councillors,
sworn in on Saturday, to increase further the budget for
education.

"700 school buildings in all 26 districts need immediate
renovation," DPKT chairman Encep Suhayat said.

"The councillors should also uphold newly endorsed Bylaw No.
17/2004 on the implementation of educational programs in the
regency, so everyone will have access to education," he added.

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