PIK, BSD named ‘National Strategic Projects’, valued at Rp83.54 Trillion

Published on 25/03/2024 at 10:38 GMT+7
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The Indonesian government has identified the ambitious development projects of Pantai Indah Kapuk (PIK) and Bumi Serpong Damai (BSD) as national strategic projects (PSN), signaling a significant milestone in the nation's infrastructure development agenda.

With a staggering combined investment value estimated at Rp83.54 trillion (US$5.3 billion), these transformative initiatives are poised to catalyze economic growth, foster job creation, and enhance regional connectivity on an unprecedented scale.

The groundbreaking of PIK project, slated to be developed in collaboration with conglomerate Sugianto Kusuma or Aguan, encompasses the establishment of a sprawling green area and eco-city within the verdant landscapes of Banten Province. This visionary endeavor, with an estimated investment outlay of Rp 65 trillion, holds immense potential to address pressing environmental challenges while concurrently stimulating economic development and job creation.

Moreover, the strategic integration of PIK with key infrastructure projects such as the Kamal-Teluknaga-Rajeg Toll Road further underscores its pivotal role in bolstering regional connectivity and accessibility.

Meanwhile, the BSD development project, spearheaded by Agung Sedayu Group, has garnered widespread acclaim for its innovative approach to urban planning and sustainable development.

With an investment value totaling Rp 18.54 trillion, this transformative initiative is poised to transform BSD into a dynamic hub of biomedical innovation and digital entrepreneurship, thereby propelling Indonesia to the forefront of the global innovation landscape.

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