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Lapindo Bailout Fund to be Disbursed in May

30 March 2015 09:00 WIB

Sebuah eskavator melakukan pengerjaan pembangunan tanggul untuk menampung lumpur Lapindo di titik 73B desa kedungbendo, Porong, Sidoarjo, 17 Desember 2014. Pembangunan tanggul baru sepanjang 1.5 kilometer dan tinggi 5 meter ini menghubungkan titik 73B di desa Kedungbendo dan titik 68 di desa Gempolsari. TEMPO/Fully Syafi

TEMPO.CO, Jakarta - Public Works and Public Housing Minister Basuki Hadimuljono said the bailout fund for PT Minarak Lapindo Jaya will be ready to be disbursed in April or May 2015. The government, Basuki said, is currently drafting an agreement with Lapindo.

“The team is still waiting for President Joko 'Jokowi' Widodo to return from his official visit. [The team] will immediately work upon the [agreement] signing,” Basuki said when observing an irrigation project in Padang, West Sumatera, on Sunday, March 29, 2015.

Basuki explained that Lapindo’s assets had shrunk to Rp2.7 trillion (US$207.7 million) from Rp3.03 trillion (US$233 million) upon an audit by the Financial and Development Supervisory Board (BPKP).

According to Basuki, Lapindo’s asset value declined due to double counting issues with several land plots. In addition, Lapindo has also handed over bonuses, other than compensations for lands, to the Lapindo mud victims.

“The bonus could not be regarded as an asset. That’s why the assets had to be deducted by Rp200 billion (US$15.4 million),” Basuki said.

ANDRI EL FARUQI




Minister Promises to Disburse Lapindo Money before Eid

24 Oktober 2018

Minister Promises to Disburse Lapindo Money before Eid

Minarak Lapindo Jaya is obliged to return the money within a
period of four years.


Rainy Season, BPLS Work on Mud Volcano Dam

12 Oktober 2015

Rainy Season, BPLS Work on Mud Volcano Dam

The Sidoarjo Mud Mitigation Agency (BPLS) is improving the mud volcano
holding ponds in anticipation of the rainy season


Compensation Disbursement for Mudflow Victims Resumes

21 Agustus 2015

Compensation Disbursement for Mudflow Victims Resumes

The Sidoarjo Mudflow Handling Agency (BPLS) has continued disbursing
compensation for Lapindo mudflow victims, with nominal value of Rp781
billion.


BPLS Accelerates Lapindo Mudflow Victims Validation

26 Juli 2015

BPLS Accelerates Lapindo Mudflow Victims Validation

The Sidoarjo Mudflow Mitigation Agency (BPLS) will accelerate
the validation of compensation for Lapindo mud victims to
meet the deadline on July 31


Ministers Visit Mudflow Victims, Promised Compensation Fund

14 Juli 2015

Ministers Visit Mudflow Victims, Promised Compensation Fund

Social Affairs Minister Khofifah Indar Parawansa urged
mudflow victims to fulfill all the needed requirements by
July 31, 2015 at the latest.


Social Minister Promises KIS to Lapindo Victims

14 Juli 2015

Social Minister Promises KIS to Lapindo Victims

Social Minister promised to handout Healthy Indonesia Card (KIS) to the
victims of Lapindo Mud.


Three Ministers to Visit Lapindo Mud Victims Today

14 Juli 2015

Three Ministers to Visit Lapindo Mud Victims Today

Three ministers of President Joko Widodo (Jokowi) are
scheduled to visit the validation compensation post for
Lapindo mud victims in Sidoarjo.


Jokowi Approves Lapindo Victims Compensation Fund

29 Juni 2015

Jokowi Approves Lapindo Victims Compensation Fund

President Joko Widodo has signed an Presidential Regulation
that regulates the disbursement of compensation fund to
mudflow victims.


Lapindo Mudflow Victims Disappointed over Delayed Compensation

26 Juni 2015

Lapindo Mudflow Victims Disappointed over Delayed Compensation

Lapindo mudflow victims expressed disappointment over the
delayed compensation that was promised to be paid.


Lapindo Victims to Receive Compensation on June 26: Minister

25 Juni 2015

Lapindo Victims to Receive Compensation on June 26: Minister

The payments will be made after President Jokowi signs a
Presidential Regulation on the matter, says the Public Works
and Public Housing Minister.