JAKARTA. Property developer Agung Podomoro Land (APL) announced Thursday that it had allocated Rp 4.9 trillion (US$388 million) for designing and dredging activities in the North Jakarta reclamation project. In an official statement, APL said that through its associated entity, Muara Wisesa Samudera, it had appointed two global reclamation contractors, Boskalis and Van Oord, which would commence reclamation activities for 160 hectares of land through a joint venture with a contract worth Rp 4.9 trillion. The reclamation project is scheduled for completion in 2018, after which APL will start developing its Pluit City project.
APL allocates Rp 4.9t to start reclamation project
JAKARTA. Property developer Agung Podomoro Land (APL) announced Thursday that it had allocated Rp 4.9 trillion (US$388 million) for designing and dredging activities in the North Jakarta reclamation project. In an official statement, APL said that through its associated entity, Muara Wisesa Samudera, it had appointed two global reclamation contractors, Boskalis and Van Oord, which would commence reclamation activities for 160 hectares of land through a joint venture with a contract worth Rp 4.9 trillion. The reclamation project is scheduled for completion in 2018, after which APL will start developing its Pluit City project.