World Bank Agrees To Finance Development Of Mandalika Resort

Mataram, W Nusa Tenggara, Dec 5 (ANTARA) - The World Bank has agreed to finance development of the Mandalika Resort in Lombok island into an integrated tourism area. The information about the approval came from the World Bank representative at a meeting in Jakarta in October at the office of the state minister for state enterprises, says Misbach Mulyadi, chairman of the committee for the project development. Misbach said development of the Mandalika Resort has been long delayed after a groundbreaking ceremony led by President Susilo Bambang Yudhoyono in October 2011. The government awarded the project to PT Bali Tourism Development Corporation (BTDC) to develop Mandalika Resort into an integrated tourist area. The project is awarded to BTDC after its success in developing the Nusa Dua integrated tourism area in Bali. BTDC said development of Mandalika Resort would be carried out soon first with the construction of 5-star hotel in that area. PT BTDC would need Rp1.7 trillion to carry out the project and the fund is expected from the World Bank.