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27 November 2013

Indonesian State-owned companies win huge construction projects in Timor-Leste

ETLJB 27 November 2013 - According to Indonesian newspaper, The Jakarta Globe State-owned construction companies Waskita Karya and Pembangunan Perumahan have won huge tenders for 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

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