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Govt’s decision to halt reclamation may frighten investors: Ahok
Jakarta Governor Basuki “Ahok” Tjahaja Purnama has claimed that the government’s move to cease the development of islet G on the northern Jakarta coast by PT Muara Wisesa, a subsidiary of property firm Agung Podomoro Land, will spread fear among investors.
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Staying firm -- Jakarta Governor Basuki "Ahok" Tjahaja Purnama salutes journalists after he attends a questioning session as a witness in a graft case at the Corruption Eradication Commission (KPK). (thejakartapost.com/Wienda Parwitasari)
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akarta Governor Basuki “Ahok” Tjahaja Purnama has claimed that the government’s move to cease the development of islet G on the northern Jakarta coast by PT Muara Wisesa, a subsidiary of property firm Agung Podomoro Land, will spread fear among investors.
“All investors will be surprised to hear this decision. I don’t know why the government is only targeting islet G. This may be because I was once referred to as ‘Podomoro governor’ by some people,” Ahok said at City Hall on Friday. He referred to criticism he received for supporting the involvement of Agung Podomoro in realizing his reclamation project.
Ahok said Agung Podomoro had contributed to a low-cost apartment in Daan Mogot, West Jakarta. The developer has also fulfilled all of the project’s requirements. Concerning those points, Ahok said, the government’s order for the ceasing of the reclamation project was not fair.
Ahok believes the reclamation project is beneficial for the capital. If the reclamation of 14 islets is completed, he said, the administration may reap around Rp 77 trillion (US$5.88 billion) worth additional revenues for the city budget.
Ahok further said the government’s decision to halt islet G development would burden the administration as he did not know what to do with a half-developed islet.
“As an example, to dredge islet N, we will need around Rp 1 trillion. Would you want to provide such a huge amount of money?” Ahok said. (ebf)
