Heaptalk, Jakarta — Following the simultaneous resignation of high-ranking officials from the Nusantara Capital Authority (NCA/OIKN), the main issues of the Nusantara Capital (IKN) project regarding land and investment have been revealed. Acting Head of OIKN, Basuki Hadimuljono, stated in his press release on Monday (06/03) that the concern in Nusantara Capital is that investments have not yet materialized due to land constraints.
“Investment is difficult to bring into IKN as the land status for investors is still unclear. The freezing of land transactions in IKN has resulted in uncertain land status for investors. As a result, investors who have invested in IKN cannot buy land but can only obtain Building Use Rights certificates for a period. What still needs to be accelerated is the investment aspect, all due to unclear land status and uncertain cooperation,” said Basuki.
Furthermore, Basuki stated that his future focus is on resolving land ownership issues, especially for investors who wish to invest in Nusantara Capital. He added, “Hence, together with the Deputy Minister of Public Works and Housing, we will soon decide whether the land status will be for sale, lease, or through public-private partnership; we want to expedite this.”
In his closing remarks, Basuki hopes that the development of Nusantara Capital can be accomplished on time.
