Indonesian Political, Business & Finance News

Rp 4b earmarked for MHT projects

Rp 4b earmarked for MHT projects

JAKARTA (JP): Twenty MHT (Muhamad Husni Thamrin) kampomg upgrading projects worth Rp 4 billion will be undertaken by the West Jakarta mayoralty in the 1995/96 fiscal year, the head of the mayoralty's housing development office announced.

"The projects will be financed with funds from the World Bank," Edward T. Panjaitan told Antara on Tuesday.

No compensation, however, will be paid by the mayoralty to local residents whose houses or land are affected by the projects, Edward said while accompanying Minister of Research and Technology B.J. Habibie on his inspection of the newly constructed low-cost apartments in the Tambora sub-district of West Jakarta.

The projects, inaugurated back in the early 1970s, are named after the renowned Jakarta independence hero. (bas)

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