Jakarta, ID
Tuesday, May 29 2012, 16:10 PM

Business

Businessman to spend up to Rp 4.8t to study Sunda Strait bridge feasibility

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Business tycoon Tommy Winata says that the cost for the feasibility study of the Sunda Strait bridge may range between Rp 3.6 trillion and Rp 4.8 trillion (US$531,267).

"We will be able to provide a more accurate calculation on bridge feasibility study within the next two weeks. Based on international standards, a feasibility study would cost between 3 to 4 percent of the total project cost," Tommy told The Jakarta Post on Wednesday.

Previously, Public Works Minister Djoko Kirmanto announced that the Sunda Strait bridge project could cost up to an estimated Rp 120 trillion.

A consortium comprising the Banten and Lampung administrations, along with PT Bangungraha Sejahtera Mulia, a subsidiary of Tommy’s holding Arta Graha Network, had signed a memorandum of understanding (MoU) to jointly develop the bridge in October 2007. (dic)