IKN Capital City Project Advances with 10 Groundbreaking Initiatives, Worth Rp. 12.5 Trillion

the construction process of the segment 2 Sepaku ring road in the location of the National Capital City (IKN) Nusantara, North Penajam Paser Regency, East Kalimantan, Tuesday (4/10/2022). (ANTARA PHOTOS - Rivan Awal Lingga)

The development of the National Capital City (IKN) in Indonesia continues to advance steadily. In a recent announcement, the National Capital City Authority (OIKN) revealed that ten projects are poised for groundbreaking between November 1 and 3, 2023, within the confines of IKN Nusantara, located in East Kalimantan.

Bambang Susantono, the head of OIKN, provided insights into these groundbreaking initiatives, which encompass a wide spectrum of projects, spanning both those financed by the government and private enterprises. These projects are poised to significantly bolster the fundamental infrastructure within IKN.

They include the construction of hospitals, integrated shopping complexes featuring hotels and residential components, government office buildings, a sanctuary for orangutans, a VVIP airport, and a substantial educational complex comprising both public and international schools.

Bambang underscored the importance of these diverse projects, underscoring the fact that IKN is now equipped with the fundamental amenities necessary to accommodate the residents scheduled to move in next year. He articulated this in an official statement issued on Monday, October 30, 2023.

The collective investment earmarked for these groundbreaking projects is estimated to amount to approximately Rp 12.5 trillion. It’s worth noting that previous projects with a combined value of Rp 23 trillion have already commenced construction within IKN.

One of the prominent activities during the groundbreaking ceremonies will involve the relocation of SDN 020 Sepaku. This endeavor entails introducing a fresh concept and design and will be situated on land generously provided by a nearby village, approximately 400 meters from its original location.

In addition to these essential community facilities, the groundbreaking ceremonies will also symbolize the establishment of a sanctuary for adult orangutans within IKN. This sanctuary is intended to provide care and support for older orangutans who can no longer be reintroduced into the wild.

Bambang expressed his optimism regarding the projects, emphasizing that, despite the sometimes protracted processes, they represent a significant milestone in fulfilling the initial vision for IKN’s growth and development.

Significantly, Minister of Investment and Chairman of the Investment Coordinating Board (BKPM), Bahlil Lahadalia, had previously disclosed one of the forthcoming projects slated for phase 2 groundbreaking within IKN. The Bank of Indonesia (BI) is expected to break ground on an office project in IKN’s Core Government Center (KIPP) Zone 1A. However, specific details regarding the land area and investment value of this project have yet to be disclosed.

This comprehensive update underscores the continued progress of the IKN project, which is set to play a pivotal role in Indonesia’s future development and prosperity.