The Nusantara Capital City (IKN) Authority (OIKN) is planning to implement the public-private partnership (PPP) scheme for housing projects in IKN that need an investment of up to Rp150 trillion.
OIKN Funding and Investment Deputy Agung Wicaksono said that the total cost for IKN development was Rp467 trillion. Approximately Rp375 trillion of this amount will be sourced from non-state budget (APBN) funds.
“This non-APBN investment is what we will secure through the PPP scheme,” Agung said in Jakarta on Friday (8/3/2024).
Agung explained that the total land required for residential development in IKN extended to 600 hectares (ha). “The investment required is estimated to reach Rp150 trillion. So, if Rp350 trillion can be secured from investments and Rp250 trillion from the PPP scheme, Rp150 trillion will be used for housing,” he revealed.
Besides the PPP scheme, investors are also invited to directly participate through the direct investment scheme without guarantee from the government. “It will be the focus in the future. For example, for housing for non-civil servants or individuals with low income,” Agung explained.
Agung mentioned that IKN was constructed based on the inclusive and sustainable concept. Therefore, the government has developed multiple investment schemes for housing projects.
“Regarding hotels, there is Hotel Nusantara that is constructed by the consortium Agung Sedayu Group. The progress is nearly 60%. It is set to be used by VIP guests on 17 August,” he revealed.
Source: pwc.com
