JAKARTA - The development of the capital city of the archipelago (IKN) in East Kalimantan which was carried out in stages, has claimed investment from the private sector of Rp. 60 trillion. "Investment from the private sector is almost Rp. 60 trillion. Don't look much at the hoaxes that this will stall, this development doesn't exist, there is no investment. So I make sure that's not true," said Deputy Social Culture Empowerment of the Capital City of the Archipelago Authority (OIKN) Alimudin at the ASN Festival 2024 in Jakarta, reported by ANTARA, Sunday 4 August. He said that in the early stages until 2024, IKN development was focused on completing basic infrastructure, such as drinking water, toll roads, shopping centers, and several other public facilities, including hospitals and education. "SPrivate investments involved include the construction of hotels, housing, malls, and others, including schools," he said.

He said that in the near future the groundbreaking will be carried out by involving banks. OIKN will also immediately prepare a presidential regulation (perpres) to accelerate the development of IKN. According to him, regulations must be adjusted to needs, so that the acceleration of development is achieved according to the target in 2045. Alimudin explained that the IKN development process is still long and takes time. According to him, the benefits of IKN development will be felt in the next 20 years. "This is still a long process, according to the theory of the spirit of the capital city of a country, it will be felt after 20 years. Friends will all enjoy it later, we will only be part of the history the increasingly the capital city of the archipelago," he said.


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