The fifth phase of groundbreaking in the new capital city (IKN) Nusantara commenced development projects worth Rp49.6 trillion (US$3.17 billion) in total, as revealed by the Nusantara Capital Authority (OIKN).
Alimuddin, OIKN's Deputy for Socio-cultural Affairs and People's Empowerment, highlighted that this groundbreaking phase on February 29 and March 1 signifies Indonesia's future capital city's ongoing development.
He also mentioned that from September 2023 to February 2024, Rp50 trillion (US$3.19 billion) had been invested in IKN Nusantara, with the next groundbreaking phase set for March 2024.
The government is focused on the land clearing process in Nusantara, ensuring fair treatment for affected residents based on Government Regulation No. 39 of 2023, offering compensation funds, land replacement, resettlement, share ownership, or other solutions for those impacted.
Source: ANTARA
Source: ANTARA
March 18, 2024
