Bali Discovery Tours: Homepage
Bali Hotels, Bali Villas and Bali News from balidiscovery.com
Home Bali Contact Bali Practicalities Bali News Bali Services Bali Transportation Bali Sports Bali Excursions Bali Villas Bali Hotels
Home · News · Lord Wisnu Rising – Stay Tuned!
Bali Hotels, Bali Villas and Bali News from balidiscovery.com
Bali Hotels
Bali Villas
Special Deals!
Packages
MICE Handling
Bali Excursions
Culinary - Dining
Guided Tour
Bali Spas
Bali Sports
Diving
Golf
Bali Transportation
Car Rental - Selft Drive
Private Jet Charter
Bali News
Bali Services
Bali Practicalities
Bali Contact
Bali Career
Home
 
Bali Update
Subscribe to our free weekly newsletter!
 
PATA header
PATA Gold Award 2007
Bali Update
PATA Gold Award Winner 2007
 
Bali Contact
Bali Discovery Tours
Komplek Pertokoan
Sanur Raya No. 27
Jl. By Pass Ngurah Rai,
Sanur, Bali, Indonesia

Tel:
++62 361 286 283

Fax:
++62 361 286 284

U.S.A. Fax:(toll free)
1-800-506-8633

U.K. Fax:
++44-20-7000-1235

Australian Fax:
++61-2-94750419

24h:
++62 812 3819724

Bali Discovery

SITE PATA ASITA
Bali News

Lord Wisnu Rising – Stay Tuned!

Change in Ownership of Garuda Wisnu Kencana Cultural Park Mean Work on Long-Stalled Bali Monument Can Resume


Bali News: Bali, Indonesia, GWK, Garuda Wisnu Kencana, Nyoman Nuarta, PT Multi Matra Indonesia, PT Alam Sutera, PT Garuda Adimatra Indonesia, GAIN, PT Bali Tourism Development Corporation, PT BTDC, Ida Bagus Budihartawan, Ungusan
Click Image to Enlarge

(9/2/2012)

The recent transfer of a majority shareholding for PT Garuda Adimatra Indonesia (GAIN) by PT Alam Sutera Realty means that work has recommenced on what is hoped will result in the completion of the Garuda Wisnu Kencana Cultural Park on Bali’s Ungasan Peninsula.

An on-again-off-again project spanning two decades, the Garuda Wisnu Kencana (GWK) project envisions a cultural park covering a 100-hectare site dominated by a 300-meter high statue of the Lord Winsu sitting atop a 70-meter pedestal.

The total cost of the project has been put at figures varying from US$40 million to US$200 million.

According to Radar Bali, Bali sculptor and the chief artist in charge of the project, Nyoman Nuarta, is now working to create the metal skin made from copper and bronze to cover the statue.

Work is also soon to commence on the pedestal to support the monument.

Ida Bagus Budihartawan who is in charge of GWK estimates another 2.5 to 3 years will be needed to complete the statue.

The transfer of shares from PT Multi Matra Indonesia as the majority shareholder in PT Gain to PT Alam Sutera was reportedly valued at around Rp. 821 billion (US$88.3 million). That amount is calculated as equivalent to 90.3% of the issued shares in PT GAIN, with the remaining shares owned by PT Bali Tourism Development Corporation (PT BTDC).

Nyoman Nuarta, when testifying before the Badung House of Representatives in 2011, estimated the cost of completing the park at at Rp. 750 billion (US$80.6 million).


© Bali Discovery Tours. Articles may be quoted and reproduced if attributed to http://www.balidiscovery.com.

       

 
Bali News by Bali Update
Subscribe to the Bali Update
Receive the latest news from Bali by email!



Our [Privacy Statement] explains how we handle the data you are providing.

 
Bali News by Bali Update
Explore the Archive of the Bali Update
Find related articles in our news archive!




or try to use Google Search :

Home · Bali Hotels · Bali Villas · Bali Excursions · Bali Sports · Bali News · Site Map · RSS

Bali News: More News
An Island of Winners
Winners of the 2016 Yak Awards
(12/4/2016)
Taro – Where Elephants are Loved in Bali
Nigel Mason of Bali’s Elephant Safari Park Defends Affection and Positive Reinforcement as the Only Way to Train an Elephant
(12/4/2016)
Overly Ambitious Tourism Targets
A University of Indonesia Economist Faisal Basri Questions if 20 Million Tourist Target by 2019 is Realistic
(12/4/2016)
The Hillsides Are Alive
Petang Area of Bali Under Threat of Isolation Due to Landslide
(12/4/2016)
Spinning Wheels of Protest
Disabled Group in Wheelchairs Travel 17 km to Demand Access for the Disabled
(12/4/2016)
World’s State Bankers to Meet in Bali
Bali to Host Annual IMF and World Bank Meeting in October 2018 - More than 13,000 Expected to Attend
(12/4/2016)
Putting an End to a Boondoggle
Denpasar, Bali Official on Trial for Corrupting Rp. 2 billion in Official Travel Funds
(12/4/2016)
Farewell Grand Nikko, Welcome Hilton Bali Resort
Grand Nikko Brand Exits Bali with Rebranding as Hilton Bali Resort
(12/4/2016)
A Warung that Wows!
Chef Hugo Coudurier Experience at 3-Star Michelin Award Restaurants and his Surfboard to Bali to Open Two New Eateries in Canggu and Echo Beach.
(12/5/2016)
Jenggala at 40
Jenggala Keramic Month-Long Celebration of Four Decades of Magnificent Design
(12/4/2016)
Bill Bailey - Please Come Home to Bali?
Famous UK Comedian Bill Bailey to Perform at Trans Resort Bali on Saturday, December 17, 2016.
(12/5/2016)
And the Sea Rushes In
The Lovina Bali in North Bali Defends Installation of Temporary Breakwater as Needed to Stop Beach Erosion
(12/4/2016)
All [News]!