Bali Discovery Tours: Homepage
Bali Hotels, Bali Villas and Bali News from
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
Bali Hotels
Bali Villas
Special Deals!
MICE Handling
Bali Excursions
Culinary - Dining
Guided Tour
Bali Spas
Bali Sports
Bali Transportation
Car Rental - Selft Drive
Private Jet Charter
Bali News
Bali Services
Bali Practicalities
Bali Contact
Bali Career
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

++62 361 286 283

++62 361 286 284

U.S.A. Fax:(toll free)

U.K. Fax:

Australian Fax:

++62 812 3819724

Bali Discovery

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


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


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
Infrastructure First: Seaports and Airport
Transportation Minister Says Bali’s Airports, Seaports, and Passenger Terminals Must be Enhanced to Support Growing Passenger Numbers
Another Renovation for Bali’s Airport?
Minister of Transportation Wants Carrying Capacity of Bali’s Airport Increased to 35 Million Passengers per Year
Move Underway to Trump Chinese Tourists?
DPR-RI Vice Chairman Seeks Repeal of Wide-Ranging Visa Free Status for Indonesian Visitors
Departure, No Return
Garuda Accused of Incorrect Procedures in Death of Passenger Flying from Jakarta to Melbourne
Infrastructure First!
New Hotel Projects Set for Nusa Penida in Dire Need of Water and Electricity Support
Bali Welcomes 3 Millionth Visitor
Bali by the Numbers: BPS Says 43.3% More Foreign Visitors to Bali in August 2016, Passing the Year-to-Date Mark of 3 Million
In Need of a Designated Driver
European Couple Die in Motorcycle Mishap After a Night of Partying on Pererenan Beach in Bali
Bad Smells from the Kitchens?
Drainage Ditch at Bali Airport Filled with Foul-Smelling Pollutants Suspected to Come for Airline Catering Building
Cherishing the Children
St. Regis Resort Bali and Laguna Resort & Spa Raises More than $20,000 for UNICEF at Lavish Beachside Moonlight Dinner
It’s a Bali Holiday
Official National Holidays and Shared Holidays in Indonesia for 2017
Me and My Guitar
West Bali Police Send Home 18 Punkers on a Personal Sojourn in Bali
Passport to a Clean Bureaucracy
Indonesian Immigration Service Joins the Anti-Corruption Campaign
All [News]!