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Rp 7.2t needed to develop special economic zone in C. Sulawesi
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Special zone – This picture shows a construction plan for the Palu Special Economic Zone (KPK) in North Palu, Central Sulawesi. (Courtesy of KEK Palu/File)
T
he development of the Palu Special Economic Zone (KEK) on 1,500 hectares of land in North Palu, Central Sulawesi, may cost around Rp 7.2 trillion (US$556.78 million), a construction firm official has said.
Construction firm PT Bangun Palu Sulawesi Tengah president director Mulhanan Tombolotutu said such a huge budget would be used for land clearing and infrastructure development. Infrastructure facilities to be built include a power plant, water treatment and water supply facilities, road access, drainage, waste treatment and office facilities.
“It is expected that such a huge budget could come from the State Budget, regional budgets [APBD], business partners and financial institutions, both banks and non-banks,” said Mulhanan, who is also a KEK Palu Management Body member, on Monday.
He said the management body would prepare further land clearings and operational targets so the project construction could be started in the beginning of 2017.
One of the KEK Palu Management Body’s board of director members, Kim Sun Hyun, said one of the private companies, namely the Korean Engineering Consultant Corporation (KECC), was ready to develop a power plant and water treatment facility.
The Indonesian government has inaugurated 10 KEKs in Indonesia. Six KEKs were initiated by private companies and state-owned companies. They comprise Sei Mangkei in North Sumatra, Tanjung Lesung in Banten, Mandalika in West Nusa Tenggara, Morotai in North Maluku, Maloi in East Kalimantan and Tanjung Kelayang in Bangka Belitung.
Meanwhile, four other KEKs were initiated by local administrations. They comprise KEK Palu in Central Sulawesi, KEK Bitung in North Sulawesi, KEK Tanjung Api-Api in South Sumatra and KEK Sorong in West Papua. (ebf)
