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Jakarta Post

Project waits for blanket guarantee

  • Hans David Tampubolon

    The Jakarta Post

Jakarta   /   Tue, April 17 2012   /  09:00 am

The office of the coordinating economic minister says that the government is still waiting for Finance Minister Agus Martowardojo’s approval to issue a blanket guarantee on the Sunda Strait Bridge project.

“The finance minister will have no problem issuing the guarantee once he is assured that a proper tender on the project is implemented,” said Coordinating Economic Ministry deputy for infrastructure development Luki Eko Wuryanto.

Luki said that the finance minister needed more time to formulate all of the needed regulations and requirements before issuing an approval to guarantee the Sunda Strait Bridge project because the bidding process for the project was based on a specific regulation.

Luki said the bidding process for the Sunda Strait Bridge incorporated a provision that allowed the initiator of the project to match any offer given by a competitor. The i...