Friday, February 23, 2024

Private sector companies collaborates with government to build 200 apartment towers in IKN

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Journalist IBP

Journalist

Mahinda Arkyasa

Editor

Interview

The National Capital Authority (OIKN) has announced that the private sector is gearing up to embark on the construction of 200 apartment towers. This exciting venture will be undertaken by a consortium of 10 companies, bringing a wave of optimism for the local community.

Agung Wicaksono, Deputy Director for Funding and Investment at the IKN Authority, revealed that the majority of these companies are domestic enterprises. Additionally, there are joint ventures between Indonesian and Chinese firms, as well as contributions from South Korean companies.

Among the notable companies involved in this endeavor are Summarecon, Nindya Karya, Wika Gedung, and private entities such as Intiland, Triniti, and Ciputra. Their collaboration signifies a collective commitment to enhancing the living standards and infrastructure in the Nusantara region.

While the names of these companies have been disclosed, Agung did not divulge the specific number of towers each would undertake. 

Furthermore, the exact investment figures remain undisclosed as the companies are currently conducting feasibility studies for the projects. 

The IKN Authority eagerly awaits the completion of these studies, demonstrating their dedication to ensuring sound planning and execution.

In addition to the private sector’s involvement, the government, through the Ministry of Public Works and Housing (Kemen PUPR), will contribute to the development of the Nusantara region by constructing 47 apartment towers within the IKN area. 

This collaborative effort between the government and private enterprises exemplifies a holistic approach to regional development.

The allocation of fewer apartment towers to the Ministry of Public Works and Housing aligns with the IKN’s development plan, which primarily relies on private funding sources. 

Agung emphasized that out of the total required investment of approximately IDR 450 trillion for the IKN project, only 20 percent is funded by the national budget (APBN). 

While, the remaining 80%, a substantial portion of which is sourced from public-private partnerships (KPBU), underscores the innovative financing solutions at play.

This collaborative effort between the private sector and the government holds great promise for Nusantara’s future. With 200 apartment towers on the horizon and a diverse range of companies committed to the project, the region is set to witness significant infrastructure development and economic growth in the years to come.

Journalist IBP

Journalist

Mahinda Arkyasa

Editor

 

Interview

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