Reclamation firm becomes official

JAKARTA (JP): A joint venture firm to carry out a 2,700- hectare reclamation project in North Jakarta Bay was officially set up last week.

Deputy Governor of Economic and Development Affairs, Tb. Rais, said the new PT Pembangunan Pantai Utara Jakarta would be supervised by the North Jakarta Reclamation Implementation Board.

City Council approved the plan to set up the company last month.

The firm will seek private firms to invest in and manage sections of the project. (ste)