President Jokowi Will Groundbreaking Banking Facilities At IKN

Head of the Archipelago Capital Authority (OIKN) Bambang Susantono. (Photo: Doc. Antara)

Head of the Capital Archipelago Authority (OIKN) Bambang Susantono said that President Joko Widodo would conduct the fifth groundbreaking in the form of banking and education facilities at IKN in the next 2-3 weeks.

"God willing, in the next 2-3 weeks the President will lead the fifth groundbreaking again," Bambang said in an online "Pasca IKN Jakarta Future" seminar in Jakarta, quoted from Antara, Saturday, February 17.

Bambang said that the fifth phase of the groundbreaking will cover the banking sector and several educational facilities.

"The banking sector will enter there and several educational facilities. One of them has entered the Jakarta International School, but there is Nusantara International School, NIS," said Bambang.

The total public and private investment that is included in IKN until January 2024 is IDR 47.5 trillion. Meanwhile, for investments originating only from the private sector, around IDR 35.9 trillion has been groundbreaking and is now in process.

Several private investors and State-Owned Enterprises (BUMN) have also started building five-star hotels, warehousing and logistics areas, Nusantara Warehouse to Nusantara Logistic Hub.

Bambang said the investment could be a stimulant or market confidence in the government's plan.

"This government investment will trigger other private sectors to enter and will take a lot of time," he said.

OIKN targets this year's investment of IDR 100 trillion, both from the public and the private sector. The public investment can come from SOEs to non-governmental institutions.

Meanwhile, the Ministry of Public Works and Public Housing (PUPR) through the State Capital Infrastructure Development Implementation Task Force (IKN) revealed that the construction of the State Palace at IKN, East Kalimantan, has reached 55 percent as of February 8, 2024.

The Ministry of PUPR ensures that the construction of the State Palace, ceremonial fields, palace areas and the Presidential Office remains on target and is expected to be completed, and can be used for the Indonesian Independence Anniversary Ceremony in 2024 at IKN.

For information, the celebration of the Independence Day of the Republic of Indonesia on August 17, 2024 at IKN, East Kalimantan, became the starting point for the movement of the nation's capital city, gradually from DKI Jakarta to Nusantara.

The President of the Republic of Indonesia also said that the celebration of the 79th Anniversary of Indonesian Independence was held at IKN Nusantara on August 17, 2024.