The physical development progress of Indonesia’s new capital city, Ibu Kota Negara Nusantara (IKN), has reached 25 percent. As a result, the government is increasingly optimistic that the relocation of the new capital from Jakarta to Nusantara will begin in August 2024.
According to the Minister of Public Works and Housing, Basuki Hadimuljono, the construction of various infrastructure facilities, such as arterial roads, toll roads, dams, waste management, wastewater treatment, drinking water management, and the national axis landmark, has been completed.
Meanwhile, the development of the presidential palace and office buildings has reached 8 percent and 5.8 percent progress respectively.
Several parts of the IKN have been completely built, such as the three-section logistics road, Embung Mentawir, and 22 construction worker housing towers.
The Sepaku Semoi Dam and the Sepaku River Intake in Penajam Paser Utara, East Kalimantan are expected to begin impounding water in June 2023.
The Sepaku Semoi Dam is capable of supplying 2,500 liters of raw water per second, with 2,000 liters per second for Ibu Kota Nusantara and the remaining 500 liters per second for Balikpapan.
The Ibu Kota Nusantara detailed spatial plan shows that forested green areas dominate the Central Government Core Area (KIPP). The KIPP will cover 6,671 hectares of land, with most of it covered in forest.
The forest will stretch from the south, southwest, west, northwest, north, to the northeast of the Ibu Kota Nusantara KIPP. The government buildings will be situated in the middle of the KIPP, and the presidential palace will be the largest complex in the government area.
According to Bambang Susantono, the head of the IKN project, the current construction progress is a crucial step for Indonesia in boosting investor confidence in investing in the new capital city.
Significant development progress will generate trust among all parties that Indonesia is genuinely committed to building a sustainable new capital city that will drive Indonesia’s future economic growth.
He further explained that the latest data indicates that 167 investors have sent letters of intent to participate in the development of Ibu Kota Nusantara. Five investors have received a Letter to Proceed (LTP) from the government to build residences for civil servants.
This progress in construction and development provides hope for Indonesia’s future economic growth and stability. The relocation of the capital city to a new and sustainable location will improve the quality of life for Indonesians and contribute to the country’s overall prosperity. It is an exciting time for the nation, and the completion of the project will be a significant milestone for Indonesia’s development.
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