#Infrastructure
IKN receives IDR 40 trillion funding from domestic investors, groundbreaking scheduled for September 2023
Bahlil Lahadalia, the Minister of Investment, said that private investors will conduct a groundbreaking project for the State Capital (IKN) in September 2023, with a total fund of up to IDR 40 trillion.
Thales committed in developing smart city IKN focusing on cyber security, data centers and others
Thales Group, a global technology company from France and the National Capital Authority (OIKN) of Indonesia have signed a Memorandum of Understanding (MoU) on July 25, 2023, for the development of a smart city in IKN.
Foreign investor eyes Indonesian multifinance sector
The acquisition of Indonesian multifinance entities by foreign financial companies is on the rise, with the recent example being MUFG Bank Ltd, a Japanese financial group, acquiring PT Mandala Multifinance Tbk (MFIN).
Bahlil Lahadalia holds talks with UL Solutions for EV battery testing facility
Bahlil Lahadalia, Indonesia's Investment Minister and Head of the Investment Coordinating Agency (BKPM), met with Underwriters Laboratories (UL) Solutions, a global company specializing in product certification and testing, in the United States on June 26, 2023.
National Capital City (IKN) project advances with construction of residential towers and key infrastructure development
The National Capital City Project (IKN) for June 2023 continues with various government infrastructure developments for various agencies.
PLN to illuminate Lampung with 2 mini-Hydro Power Plants
In a strategic move toward sustainable energy practices, State electricity company PT PLN has recently achieved a milestone by commissioning two units of the Besai Kemu Mini-Hydro Power Plant (PLTM) in Lampung.
Govt focuses on progress, challenges in Trans Kalimantan gas pipeline project
Navigating the intricate landscape of energy infrastructure projects, the Ministry of Energy and Mineral Resources (ESDM) finds itself at a crossroads with the Trans Kalimantan Gas Pipeline Project after the project endeavor languishes in a state of prolonged stasis.
CMNP secures IDR 600 B, Harbour Toll Road II to complete by 2025
Director General of Highways at the Ministry of Public Works and Housing, Hedy Rahadian, said on Monday that he was optimistic that the elevated Harbour Toll Road II, connecting East Ancol to Pluit, will be completed by 2025.
Repeated delays: Karian Dam construction takes 9 years
President Joko Widodo officially inaugurated the Karian Dam located in Pasir Tanjung Village, Rangkasbitung Sub-district, Lebak regency, Banten on Monday.
Securing IDR 600 Billion, Toll Company Owned by Jusuf Hamka (CMNP) to Construct This Toll Road
PT Citra Marga Nusaphala Persada Tbk. (CMNP), a toll road company owned by Jusuf Hamka, has recently reported receiving a credit injection of IDR 600 billion from PT Bank Capital Indonesia Tbk. (BACA). In its report, the loan is intended to support the construction of the 9.6-kilometer-long Harbour Road II Toll Road. "To finance the construction of the Ir. Wiyoto Wiyono, M.Sc, Section Harbour Road II [elevated] from Ancol Timur to Pluit, spanning approximately 9.6 kilometers," explained CMNP management in a disclosure, quoted on Wednesday (1/3/2024). CMNP, owned by Jusuf Hamka, received funds through two different credit facilities. A sum of IDR 50 billion was borrowed through the Current Account Loan (PRK) facility, while the remaining IDR 550 billion was borrowed through the Money Market Acceptance Loan (PA MM) facility.
Authority claims foreign investors’s readiness to join IKN development
The Capital City Authority of Nusantara says that It has secured substantial investment commitments of Rp 55 trillion (US$3.5 billion) from foreign investors (PMA) for mega projects development in the Capital City of Nusantara (IKN).
North Sulawesi’s Lolak Dam set to be inaugurated in 2024
The Ministry of Public Works and Housing (PUPR) has confirmed that the Lolak Dam in North Sulawesi, valued at IDR 1.6 trillion (about U$ 104 million) is ready to be inaugurated in 2024.