27 November 2013
Indonesian State-owned companies win huge construction projects in Timor-Leste
Waskita Karya has won a tender worth US$59.9 million to construct an airport for Timor-Leste. It will build the runway and a terminal and will be fully financed by the Government of East Timor.
The other company, Pembangunan, better known as PP, obtained a construction project from the Artha Graha Group to build AGP Square, a building in Dili, East Timor's capital. The project is valued at US$85million and is set be the tallest structure in Dili.
AGP Square, which will be built on 15,000 square meters of land, is intended to be a symbol of a developing capital, as well as providing facilities including malls, office buildings, apartments and hotels. The project is expected to take two years. Source: The Jakarta Globe 23/11/2013 Edited by Warren L. Wright