Jokowi Inspects New Capital and Launches Projects

Real Estate Author: EqualOcean News, ChenZhiheng、JiangShan Jun 12, 2024 03:00 PM (GMT+8)

On June 4-5, 2024, President Joko Widodo inspected the development progress of the new capital (IKN) and held groundbreaking ceremonies for the sixth phase of the project. He also reviewed preparations for the 79th anniversary of the Republic of Indonesia, planned to be celebrated at IKN. Currently, the first phase of IKN construction is 80% complete, with finalization expected soon.

President Widodo inaugurated the Sepaku Semoi Dam, one of the key projects in IKN's first phase. The dam, costing IDR 836 billion and holding a capacity of 16 million cubic meters, will serve as a crucial drinking water source for IKN. Additionally, he laid the foundation stones for the Astra Biz Center-IKN and the Nusantara Botanical Garden. The Astra Biz Center-IKN aims to boost local economic growth and act as a service hub for 11 brands of the Astra Group. The Nusantara Botanical Garden, spanning 211 hectares, will become an educational and tourist destination in the new capital.

President Widodo emphasized the importance of investment for IKN's future and called for the expedited development of infrastructure such as toll roads and airports to support accessibility. He highlighted the critical role of current investments in realizing Indonesia's capital development vision.

In the education sector, Gunadarma University has become the first university established in IKN, partnering with various international universities to offer doctoral programs. Indonesia is also collaborating with Al Azhar Summarecon and Bina Bangsa International Schools, which use the Cambridge curriculum, to enhance the quality of children's education.

Furthermore, President Widodo initiated the construction of 10 roads surrounding IKN, totaling 50.9 kilometers and costing IDR 561 billion. On December 20, 2023, he unveiled the Nusantara Superblock project, valued at IDR 3 trillion. The new capital also saw the completion of the Indonesian National Football Team's training center, funded by the government and FIFA. These projects aim to attract more investors to participate in the development of the new capital city, driving Indonesia's economic and social progress.