Private fund used to restore markets

Private fund used to restore markets

A city official has said the city administration will use a
private Rp 3 billion fund to renovate some dilapidated
traditional markets managed by the Jakarta Market Authority.

Prawoto said the funds came from owners of private shopping
centers.

"The fund will be used to renovate several old markets," said
Prawoto S. Danoemihardja, assistant to the City Secretary for
Economic and Development affairs.

Under a Gubernatorial Decree, owners of shopping centers must
provide 20 percent of total space in their buildings for small
traders or pay a sum of money to the city administration if they
refuse to do so. (yns)