IKN Development Progress Update: Focusing on Central Government Core Areas

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 government continues to build the New Capital (IKN) mega project in East Kalimantan. Currently, development is focusing on the Central Government Core Area (KIPP). Several sectors are targeted to be completed in 2024.

There are at least 8 development priority points at this time. Some of them are targeted to be completed by the end of 2024. This was conveyed by the Minister of National Development Planning/Head of Bappenas Suharso Monoarfa, Saturday (21/1) while observing the construction of the IKN.

He said there are 8 development points in KIPP which are the focus of development at this time. The development points include Construction Worker Housing, Coordinating Ministry Building 1, Coordinating Ministry Building 2, Coordinating Ministry Building 3, Coordinating Ministry Building 4, State Palace and Ceremony Field, National Axis Arrangement Stage 1, and Position Houses.

The KIPP development project is currently in the land development stage. The process of developing this land will be carried out through two stages, where the scope of work is in the form of clearing, stripping, and felling trees, land grading, elevation, strengthening soil structure, preparing road bodies, and installing stakes and plot information boards.

“Construction of the State Palace and ceremonial grounds has started in November 2022 and is targeted for completion in October 2024,” he explained.

Furthermore, apart from the State Palace and the ceremonial grounds, there are three buildings and the ministry’s office area which are also currently under construction. The three are the office buildings and areas of the coordinating ministry for maritime and investment, the coordinating ministry for the economy, and the coordinating ministry for politics, law, and human rights.

The office building of the Coordinating Ministry for Maritime Affairs and Investment, infrastructure, and area management are referred to as the construction of the building and office area of the coordinating ministry 1.

This construction started in December 2022 and is targeted for completion in October 2024.

Meanwhile, the development of IKN attracted the interest of many private and international investors. The head of the Nusantara Capital Authority, Bambang Susantono, said that more than 70 private companies are interested in investing in IKN and have sent letters of intent (Loi).

“Until now, more than 70 private companies have sent letters of intent to the IKN Authority and expressed interest in investing in IKN,” said Bambang in a written statement, Saturday, January 21, 2023.

He continued, that number includes 11 Malaysian companies that were recently presented to us before Indonesian President Joko Widodo and Malaysian Prime Minister Anwar Ibrahim.

According to him, several sectors have good opportunities for investment, including transportation, education, new and renewable energy, the sustainable agricultural industry, smart city technology, and so on.