Authority Targets Investment In Residential PPP Projects At IKN Reaches IDR 31 Trillion

IKN Nusantara (Photo: dock. Antara)

The Capital Archipelago (OIKN) Authority targets an investment of IDR 31 trillion to support residential development in the Nusantara Capital (IKN) area.

Deputy for Funding and Investment of OIKN, Agung Wicaksono said, the target will be realized in two stages. In the first phase, the government targets the construction of 97 flat towers (rusun) and 129 landed houses with an investment value of IDR 8 trillion.

"In the first phase, the total investment is IDR 8 trillion and we are targeting that transactions will soon enter in no later than the second quarter (2025)," Agung said at a press conference on the PPP IKN Market Sounding agenda at the PU Ministry Auditorium, Jakarta, Monday, February 24.

Then in the second stage, the Authority is expected to attract investments worth IDR 23 trillion to support the construction of two flats and one flat project and landed houses.

"Then in the second stage, there will be two flat projects and one flat project and a site with a total investment of IDR 23 trillion, whose target is to start the transaction in the middle of the year. These projects are projects offered with an unsolicited KPBU scheme," he said.

Thus, the total investment value for the residential sector which is targeted to begin to realize its investment commitment by the middle of this year can reach IDR 31 trillion.

Meanwhile, throughout 2025, the IKN Authority itself had revealed that it was targeting investment through the KPBU scheme to reach IDR 60.93 trillion.

In addition to supporting the development of residential areas, investment through the KPBU scheme is also carried out to support the construction of Multi Utility Tunnel (MUT) and roads in the Central Government Core Area (KIPP) worth IDR 40 trillion.

"Well, the current KPBU target is that in terms of the figure there is IDR 60 trillion for housing and around IDR 40 trillion for the MUT and roads," he said.