#Infrastructure
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.
Indonesia needs US$ 1.7 trillion for water infrastructure by 2030
The investment requirement for water infrastructure until 2030 is estimated to reach US$ 1.7 trillion (IDR 26,380 trillion) that the government needs an investment of up to IDR 3,832 trillion per year starting in 2024.
Investors ready to contribute to Indonesia’s new capital city development
The Capital City Authority has identified a number of local investors who are either committed or ready to invest in the development of the future Nusantara capital city (IKN).
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.
Telkom, Indosat potential pillars for infrastructure in Q1 2024
Two Indonesia’s telecommunication giants − PT Indosat and PT Telkom Indonesia − are considered potential pillars for the infrastructure sector in the first quarter of 2024. Nafan Aji Gusta, Senior Investment Information at Mirae Asset Sekuritas Indonesia, views Telkom as a leader in the infrastructure sector, especially for short-term trading.
PLN builds over 624 EV charging stations until 2023
In support of Electric Vehicle use and development, PT PLN has built 54 units of Public Electric Vehicle Charging Stations (SPKLU) throughout 2023, bringing to a total of 624 SPKLUs in 411 locations that the State-owned electricity company has built across the country.
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.
Government merges AP I and AP II into Angkasa Pura Indonesia
The government has merged the two state-run airport operators Angkasa Pura I (AP I) and Angkasa Pura II (AP II) into a new sub-holding company, PT Angkasa Pura Indonesia, according to a statement released on Thursday.
President inaugurates Satria-1 Satellite, 4G BTS
President Joko Widodo officially inaugurated the operation of the Republic of Indonesia Satellite Earth Station or the Satria-1 satellite and Fourth Generation (4G) Base Transceiver Station (BTS) projects.
Capital City Authority acknowledges potential environmental impact of underwater tunnel project
The Nusantara Capital City Authority (OIKN) admits that the first underwater tunnel project in Indonesia’s future capital, valued at Rp10 trillion (about US$ 649 million), has the potential to harm the ecosystem. However, upon thorough assessment, the project is considered to generate the least impact on the marine ecosystem around Balikpapan Bay.
Telkom Indonesia partners with Huawei for cloud technology and data centers
PT Telkom Indonesia (Persero) Tbk has joined forces with Huawei Indonesia to provide cloud technology and data center services. This collaboration is part of Telkom's strategy to enhance its capabilities in the IT services business.