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December 30, 2024 | 09:50 pm
TEMPO.CO, Jakarta - The Head of the Nusantara Capital City (IKN) Authority, Basuki Hadimuljono, announced that the groundbreaking ceremony for Phase 9 of the new capital's development is slated for January, pending confirmation of President Prabowo Subianto's availability.
“There are four or five groundbreakings, consisting of hotels, schools, restaurants, and offices,” Basuki said after attending the Development Planning Meeting (Musrenbang) at Bappenas on Monday, December 30, 2024. He also confirmed the investment value for this phase amounts to Rp6.5 trillion.
The IKN Authority has already completed eight groundbreaking phases between 2023 and 2024, securing a total investment of Rp58 trillion to date.
Alongside the Phase 9 plans, Basuki revealed that Taman Safari has expressed interest in establishing a presence in the IKN. He affirmed that several potential locations have already been identified. Currently, the tourism company is in the process of securing sponsors and investors.
“They have visited [IKN], and I have visited their office. We will discuss it more seriously,” said the former Minister of Public Works and Housing (PUPR) from 2019-2024.
The construction of the new capital city in East Kalimantan is estimated to require a total budget of Rp466 trillion. The administration of Indonesia's 7th President, Joko Widodo or Jokowi, designed a funding model with only 20 percent allocated from the State Budget, with the remaining 80 percent expected to come from private investment.
Jokowi has repeatedly emphasized the long-term value of investing in the IKN, stating that it was akin to "buying the future". He reiterated this message during the groundbreaking ceremonies for the Astra Biz Center and Nusantara Botanical Garden on June 4, 2024. However, despite these efforts, the total investment secured by the end of Jokowi's term and even by the end of this year remains below the IKN Authority’s target of Rp100 trillion for 2024.
Editor’s Choice: Prabowo Scheduled to Visit IKN in Late December or Early 2025, Says IKN Authority Head
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