The Gelora Bung Karno Sports Complex (PPKGBK) has assumed management of the Jakarta Convention Center (JCC), following the expiration of Graha Sidang Pratama’s (GSP) 33-year Build-Operate-Transfer (BOT) agreement on October 21, 2024.
In a statement released on October 22, PPKGBK outlined a new cooperation scheme aimed at safeguarding the interests of current and future JCC tenants. Sri Lestari Puji Astuti, head of marketing and sales division of PPKGBK, is now overseeing sales and marketing activities at the JCC.
However, GSP has contested PPKGBK’s takeover, filing a lawsuit at the Central Jakarta Court. Edwin Sulaeman, JCC’s general manager, told TTGmice that negotiations for a BOT extension were still ongoing when the statement was issued.
Amir Syamsudin, GSP’s attorney, emphasised that the 1991 BOT agreement granted GSP the first right of refusal for an extension.
“However, the article was ignored and rejected by PPKGBK, which plans to manage the JCC building independently. We deeply regret the PPKGBK’s attempt to renege on the Agreement signed by both parties on October 22, 1991,” said Amir in a statement.
PPKGBK, on the other hand, cited Finance Minister Regulation No. 129/PMK.05/2020, which stipulates that land and building asset management contracts cannot be extended beyond their initial term. GSP, however, argues that this regulation does not align with the specific terms of the BOT agreement.
Despite the legal dispute, Edwin assured that JCC operations would continue as usual, with events proceeding as scheduled.
