Development
of the Sunda Straits Bridge which linked Sumatra and Java might begin its
feasibility study which might take 24 months to accomplish, after signing of
preparatory plan between initiator company of the consortium PT Graha Banten
and lampung Sejahtera. The task would be executed in early May 2012 in tandem
with staging of the Indonesia International Infra Structure Conference and
Exhibition 2012, this was disclosed by the Deputy Coordinating Minister, Infra
Strucrure and Area Development Division Lucky Eko Wurujanto recently.
He admitted that the case was still
being discussed at the ministerial level before arriving at a point of
agreement between the two parties. With the signing of agreement, the initiator
could begin feasibility study process over a period of 24 month “All must be
discussed, hopefully agreement could be signed soonest and feasibility study
may at once begin” Eko remarked.
That the agreement was not signed
was on account of the still existing differences in terms of cost of
feasibility study between the Government and the consortium. The Consortium
estimated that the cost of feasibility study which amounted to USD 250 million
or around Rp 3.2 trillion or twice as much as Government’s version of
compensation expenses of Rp 1.5 trillion or 1% of total investment of project.
Previously PT Graha Lampung
Sejahtera was hoping the Government would still follow the compensation rules
of feasibility study for the Sunda Straits bridge according to the magnitude of
cost soon proposed by the consortium. The rule for compensation payment must
refer to Presidential Regulation Perpress No. 86 year 2011 on Development of
Sunda Straits Bridge Region.
In
the Perpres it was stated that if the project were to be cancelled by the
Government, or the initiator failed to emerge as winner of the tender, all cost
spent by the initiator for preparing yje project would be refunded by the
Government or winner of tender. This means that if the investment were spent by
the consortium as executor of feasibility study, the fund to be paid by the
Government must be in accordance with the amount previously estimated, i.e. USD
350 million, this was disclosed by Agung R. Prabowo, Director of Graha Banten
Lampung Sejahtera.
BUSINESS NEWS - April 27, 2012
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