Jokowi Invites Investors to New Capital City

Moh. Khory Alfarizi writing for Tempo, is reporting that Minister of Public Works and Public Housing, Basuki Hadimuljono has announced his ministry will speed up the infrastructure development of the new capital city (IKN) Nusantara. The government will focus on working on land development projects and road construction, which will start in January 2023, because President Joko Widodo wants to take investors to IKN to offer them projects.

“In the second quarter, President Joko Widodo wants to invite investors [to the new capital] to offer which neighborhoods to be used for building hospitals and other facilities,” Basuki said in a working meeting with Commission V DPR RI at the Parliament Complex in Jakarta on Monday, November 28, 2022.

This morning, Basuki said that he had held a limited meeting to discuss the financing of the new capital project, including the financing of the IKN Authority Agency with its investment in basic infrastructure, says Alfarizi.

Basuki said that after the “market sounding for” the IKN project by President Jokowi, many investors are interested. Areas 1B and 1C will be the first focus of land development and the construction of access roads; not only in the Central Government Core Area (KIPP) 1A.

Basuki also said that on November 3, his ministry sent a letter to the Minister of Finance, Sri Mulyani Indrawati, regarding the proposed budget needs for the acceleration of the development of the Indonesian Capital City (IKN) in 2023 amounting to IDR 12.7-trillion, report Tempo.

The budget, he said, is for the construction of logistics work roads and road access at KIPP, as well as the construction of housing for ASN, TNI, Polri.

“For housing, [the budget of] IDR 12.7-trillion includes housing for ASN, TNI, and Polri, which is IDR 9.4-trillion. The rest is for land development and roads,” Basuki said.

Source: Tempo

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