Land Bank Agency Provides Legal Certainty For HPL Land In North Penajam Paser For Investors

Head of the Implementing Agency of the Land Bank, Parman Natamatmadja (Photo: Aris Nurjani/VOI)

Head of the Agency for the Land Bank, Parman Natamatmadja, said that his party would provide legal certainty over the land of HPL Bank Tanah in Penajam Paser Utara, East Kalimantan to investors.

"The task of the Land Bank Agency is to provide legal certainty over the land itself, because the most challenging challenge in Indonesia is how to get the land itself," he said at the signing of the Land Bank Mou with PT Bank J Trust Indonesia Tbk (J Trust Bank) and PT J Trust Consulting Indonesia in Central Jakarta, Wednesday, June 26.

The Land Bank Agency signed a memorandum of understanding or Memorandum of Understanding (MoU) with PT Bank J Trust Indonesia Tbk (J Trust Bank) and PT J Trust Consulting Indonesia, to utilize one of the land for the Land Bank Agency located in Penajam Paser Utara (PPU), East Kalimantan Province.

Meanwhile, the HPL of the Land Bank Agency which is currently being developed, namely the Penajam Eco City project is located in Penajam Paser Utara (PPU), East Kalimantan Province. This area is one of the land inventory assets of the Land Bank Agency from a total area of 18,758 Ha throughout Indonesia.

Parman said that this collaboration is expected to continue and be implemented in concrete form so that investors can enter specifically for investors from Japan.

"We provide legal certainty, the effectiveness of time, is not compounded because we make things easier for investors to invest in, especially in land in the Land Bank Agency," said Parman.

Parman said that J Trust Consulting Indonesia will be an extension of the Indonesian government for Japanese investors who are interested in investing, especially in supporting areas of the State Capital (IKN), namely the development of the Penajam Eco City project located in North Penajam Paser.

"The land bank is a new body, so it requires consultation on how it will be later to become known in Japan, and attracts Japanese investors who will then be supported by funding from J Trust Bank," he said.

Parman explained that J Trust Consulting Indonesia was appointed as a partner of the Land Bank Agency, with an exclusive mandate to introduce and handle Japanese investors who will invest in the land management rights area (HPL) of the Land Bank Agency. Meanwhile, J Trust Bank will support investors from Japan in the financial aspect.

"This collaboration is the first milestone, our cooperation including J Trust Bank and J Trust Consulting against its goal of how to address investors from Japan to invest in our land in North Penajam Paser for the development of eco cities, which covers almost 1,000 hectares," he said.

To note, the Land Bank Agency is a special agency formed by the central government and is given the authority to ensure land availability in the context of a just economy for the public interest, social interests, national development interests, economic equity, land consolidation, and agrarian reform.