IKN Authority: 90 investors to invest in new administrative capital

National Capital Authority (IKN)
National Capital Authority (IKN) head Bambang Susantono (Source: Instagram @bambangsusantono)

Jakarta, IO – National Capital Authority (IKN) head Bambang Susantono claims that many investors are interested in investing in IKN. Of the 142 potential investors, 90 have expressed their seriousness, he conveyed during a hearing with the House Committee XI, reported CNBC Indonesia, Monday (6/2).

Bambang explained that the investments are in the form of Public Private Partnership (PPP). As many as 25 investors were interested in infrastructure and utilities sector, 15 in the education, 14 in the consulting services, 10 in the housing, six in technology, five in health, nine in mixed use and commercial, four in SOE and private office and two in government office.

For the PPP project, the cooperation takes the form of housing project construction of 184 towers.

In his presentation, Summarecon pledged an investment worth US$ 109.26 billion (Rp1.67 trillion), followed by Nusantara’s Consortium (US$2.01 billion/Rp30.8 trillion), Korea Land and Housing (US$566.01 billion/Rp8.65 trillion).

Read: House urges Jokowi to sack head of a BRIN, here’s why

As for the financing, Bambang said 20 percent will come from the state budget (APBN) while the rest with the support of private sector.

“The scheme is mostly PPP, or possibly other schemes with the private sector,” he said. (rr)