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Rp 400b Set Aside for Traditional Markets
January 23, 2012

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Solo. Trade Minister Gita Wijawan said his office had earmarked Rp 400 billion ($44.8 million) in its 2012 budget to revitalize traditional markets in the country.

The markets must be revitalized to increase their competitiveness amid the proliferation of their modern counterparts, Gita said in Solo on Friday.

“Many local people have given a positive response to the traditional market revitalization plan,” he said.

The government plans to revitalize hundreds of traditional markets in the country to allow them to function better. At least 200 traditional markets were upgraded last year.

The funds for the revitalization effort were taken from the 2011 state budget and allocated for six traditional markets: two in remote areas and four in the disaster-hit areas of Sleman (Yogyakarta), Magelang (Central Java), Wasior (Papua) and Mentawai (West Sumatra).

Three years ago, the government provided economic stimulus funds totaling Rp 210 billion for the renovation of 31 traditional markets in 20 districts or cities.

“Many traditional markets are very old. As long as it’s not empty land, we call it renovation,” said Subagyo, the Trade Ministry’s domestic trade director general. He added that traditional markets in seriously damaged condition would get between Rp 10 billion and Rp 20 billion each.

In Jakarta alone, revitalization work on 151 traditional markets is expected to be completed by 2015.

“Of 151 traditional markets in Jakarta, 59 have been revitalized, both their physical buildings and management. All are expected to be completed in 2015,” Djangga Lubis, president director of Jakarta’s traditional market management company, said last year.

Antara