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GWK Dispute Nearing Settlement?

Agreement May Clear the Way for Planned 2008 Completion of Garuda Wisnu Kencana Monument.


Bali News:
Click Image to Enlarge

(5/22/2006)

A prolonged struggle between two Indonesian companies seeking management control of the Garuda Wisnu Kencana (GWK) Cultural Park appears to becoming to a peaceful end with the announcement that PT Garuda Adimarta Indonesia (GAIN) and PT Bukit Indah Ungasan (BIU) are preparing to sign a memorandum of understanding ending the dispute.

As reported in the Indonesian-language Bisnis Bali, Putu Suindia, President Director of BIU, stated on May 18th that "in the coming week we will draft the clause settling the dispute over the management of GWK." According to Suindia, GAIN has acknowledged the rights of BIU with both parties resolving to work together to held realize the GWK project.

Blaming the past dispute on miscommunication, Suindia added, "we have agreed to put aside past mistakes and begin a new chapter (in our relationship)." Both GAIN and BIU have agreed to withdraw all police complaints made over the past 10 months.

While the actual terms of the settlement have not been made public, both parties have reportedly resolved to move ahead with plans to complete the GWK statue and cultural park. Started in 1994, an estimated 15% of the 250 hectare project and planned 146 meter high monument has been completed.

Meanwhile the President Director of GAIN, Nengah Nukerta, said he hope that news reports that were not conducive to the new cooperation would cease. "We hope that the monument which will become the pride of Bali is quickly completed," said Nukerta.

The GWKís centrepiece will be a colossal monument standing 146 meters high and some 286 meters above sea level. With a foundation structure the equivalent of a 16-storey building, the total statue is estimated to eventually weigh 2,000 tons when completed and will resemble the imagery of the Hindu epic hero Lord Wisnu sitting stop the back of the mythical Garuda bird. The wing span of the Garuda bird will be an impressive 60 meters.

The 250 hectare project will include the monument plaza, an international trade and promotion center, landscaped gardens, a festival and water park, a 5,000 person capacity convention center, a resort complex, and a residential complex.


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