#Infrastructure
Government still reviews undersea toll road in IKN
The plan to construct a toll road with an immersed tunnel in the Nusantara Capital (IKN) is still under evaluation as its construction is projected to incur massive costs of up to Rp10 trillion (US$638.3 million), a senior government official says.
Gudang Garam committed to developing Kediri-Tulungagung toll road
PT Gudang Garam (GGRM) has established a Toll Road Business Entity (BUJT) named PT Surya Sapta Agung Tol (SSAT) to undertake the Kediri - Tulungagung Toll Road project.
KAI gets financing from China Development Bank for Jakarta-Bandung HSR project
PT Kereta Api Indonesia (KAI) has signed a facility agreement with the China Development Bank for financing the cost overrun of the Jakarta-Bandung High-Speed Rail project. The loan disbursement was received on February 7, 2024.
Indonesia's ambitious dam projects attracting global interest
In a strategic move towards bolstering its infrastructure and energy capabilities, Indonesia's Ministry of Public Works and Housing is set to auction two major dam projects – the Merangin Dam and the Bodri Dam.
Telkom Indonesia stock falls amid corruption investigation at subsidiary
Shares of PT Telkom Indonesia (TLKM) in the Indonesia Stock Exchange dropped by 1.24 percent to Rp 3,990 per share on Friday, with its trading volume in the afternoon reaching 96.18 million shares and a transaction value recorded at IDR 382.51 billion (US$243.3 million), and the market capitalization reaching IDR 395.26 trillion.
OIKN unveils key projects under Phase 5 construction
The Nusantara Capital Authority (OIKN) has revealed that a number of projects will soon be built under Phase 5 of the IKN groundbreaking momentum in February 2024.
OIKN optimistic on investment in Nusantara capital
Head of the Nusantara Capital Authority (OIKN) is confident that simultaneous elections in various parts of the world this year will not affect investors' interest in investing in the Nusantara Capital City (IKN). There are at least 57 countries that will hold elections in 2024, including Indonesia, South Africa, the United States, India, England, and several European countries.
Nusantara authority targets Rp 100 trillion investments in 2024
Bambang Susantono, Head of the Nusantara Capital Authority (OIKN), has revealed ambitious investment targets for the new capital city in 2024, reaching up to IDR 100 trillion (US$ 6.3 billion).
Increased expenditure for land acquisition in PSN reaches Rp14.3 T in 2023
The National Asset Management Agency (LMAN) reported a disbursement of Rp18.2 trillion for land acquisition in national strategic projects (PSN) throughout 2023.
The extension of Indonesia High Speed Train will be to Yogyakarta
The operator of the Jakarta-Bandung High Speed train, PT Kereta Cepat Indonesia-China (KCIC), reveals that the Whoosh high-speed railway line to Surabaya will be held in stages, with the first phase of extension will be to Yogyakarta.
Minimum standard internet speed to be implemented to improve industries
Speedtest data reveals that Indonesia is addressing its lagging internet speed compared to neighboring countries, ranking 9th out of 11 ASEAN member nations.
B.Braun installs solar power plant for 25 percent emission reduction
German pharmaceutical manufacturer B.Braun Indonesia has launched a 1.2 MWp solar power plant (PLTS) at its pharmaceutical factory in Karawang, West Java.