Close
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: Lord Wisnu Rising – Stay Tuned!
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
The Wines of Medoc in Bali in May
Château Montrose Wine Dinner at Mulia Soleil Restaurant on Tuesday, May 6, 2014
(4/19/2014)
Nigel at 70
Bali Adventure Tours’ Nigel Mason Celebrates his 70th Birthday in Considerable Style
(4/18/2014)
Where to Eat in Ubud?
Australian Financial Review: Five Restaurants of Note in Ubud, Bali
(4/18/2014)
We Get Our Kicks from Champagne
Bollinger Champagne Dinner at Sundara Restaurant on Monday, June 2, 2014
(4/18/2014)
Will You Gather at the River?
Last Reminder: Bali Remembers – Pan Am 812 Commemorations
(4/19/2014)
Nuts to You
U.S. Ambassador Pays Tribute toPoverty Eradication Role of Cashew Production Factory in East Java
(4/18/2014)
Willkommen in Indonesia!
Easier Access to Indonesia for German Visitors with Resumption of Lufthansa Service to Indonesia
(4/19/2014)
Lady Justice Paks a Gun
Bali’s Only Female Regional Police Chief Calls for More Women to Join the Police Force
(4/19/2014)
Ollie Ollie Umphrey
Ownership Battle Underway at LV8 Hotel in North Kuta, Bali
(4/19/2014)
Dreamliners to Paradise
Qatar to Start Non-Stop Daily Flights Doha to Bali on July 21, 2013
(4/19/2014)
Bali Shall Not Forget
Mark the Date: Bali Remembers Pan Am 812 – April 22, 2014
(4/14/2014)
Wear Your Easter Bonnet
Book a Seat or a Table for the “Diva’s Lunch” at Jemme Restaurant on Friday, April 25, 2014
(4/14/2014)
All [News]!
 
Tourism and Transport Tourism Agents