#Infrastructure
Link Net explores US$ 500 million fundraising for business expansion
PT Link Net (LINK), a prominent player in Indonesia's telecommunications sector, is considering a strategic move to sell shares in its fiber business, aiming to secure a substantial fund infusion of US$ 500 million (IDR 7.8 billion).
JICA to provide US$ 3 billion for MRT East-West phase 1 stage 1 project
The Coordinating Ministry for the Economy reveals that the Japan International Cooperation Agency (JICA) is committed to supporting the implementation of the National Strategic Project for MRT East-West Phase I Stage I in Jakarta.
President Jokowi inaugurates Nusantara logistic hub in IKN
President Joko “Jokowi” Widodo officially laid the foundation stone, marking the groundbreaking ceremony for the Nusantara Logistics Hub in the National Capital City (IKN) in Penajam Paser Utara Regency, East Kalimantan, on Wednesday, January 17, 2024.
OIKN hints of increased investment interest amidst 2024 Election buzz
The Capital City Authority of Nusantara (OIKN) announces a continuous increase in investment interest through the submission of Letters of Intent (LoIs) for the development of the Nusantara Capital City, despite the 2024 General Elections preparation.
Telkom ready to inject Rp280 billion for IKN development
"We are investing according to the needs set by the National Capital City Authority (OIKN). In the early stages, we are investing gradually at the amount of Rp280 billion," Telkom's Vice President of Network/IT Strategy, Rizal Akbar, said on Monday.The investment by Telkom Indonesia to ensure that all telecommunication network requirements specified by the OIKN are completed before the celebration of Indonesia's 79th Independence Day on August 17, 2024.Rizal also explained that a portion of the initial investment of Rp280 billion by Telkom Indonesia would be used to support the construction of fiber optics in the Core Government Center (KIPP) 1A area. "[Then the investment] to build towers, construct smart poles, and also establish WiFi access there," he added.Previously, Deputy for Infrastructure and Facilities of OIKN, Silvia Halim, said that they had designated two business entities to accelerate the infrastructure development in IKN. These chosen entities are PT Telkom Indonesia and PLN Icon Plus, a subsidiary of State electricity company PT PLN."We have run a limited selection process last year. Why limited? Because from the urgency aspect of time, we need to be operational by August 2024," she said.Silvia revealed that the selected business entities had passed the selection process by meeting at least two main criteria, including having the necessary permits when starting the construction process and having physical infrastructure in East Kalimantan. "The process has been carried out, and we finally determined two business entities, namely PT Telkom Indonesia and Icon Plus, to provide telecommunication infrastructure in the form of fiber optics and base transceiver stations. This way, other business entities can collaborate with them," she concluded.
Strategic status granted to Malaysia's Taipan gas project in West Papua
The gas project managed by Genting Oil Kasuri Pte Ltd (GOKPL) in the Kasuri Block, West Papua, has officially obtained national strategic project (PSN) status earlier this year.
I find great fulfilment working in developing markets, I truly enjoy witnessing the impact of our efforts: François de Maricourt
François de Maricourt, a key-man in HSBC Indonesia, as a President Director. He is a French national with over two decades of experience in international banking. Through this interview, Maricourt has opened up to Indonesia Business Post on his hopes, ambitions and challenges in life and his perspective in the banking sector giving opportunities within the Indonesian market.
Giant Dam soon to supply water to Rebana Region
The Ministry of Public Works and Housing (PUPR) has announced the completion of the Rp 2.06 trillion (US$ 133 million) Cipanas Dam in Sumedang regency, West Java, that is expected to contribute to water, food and energy security while simultaneously fostering new economic growth for its surrounding communities.
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.
Ministry initiates design for Immersed Tunnel in IKN
The Ministry of Public Works and Housing has embarked on the design phase for the first immersed tunnel road project in Indonesia, located in the new Capital city of Nusantara (IKN).
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.