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IKN Contractors in Debt

Monday, March 17, 2025

The IKN development burdens several state-owned construction firms. New contracts bring both hope and risk.

arsip tempo : 174223430191.

The State Palace and government buildings are still under construction in the Government Center Core Area in the Nusantara Capital City (IKN), Penajam Paser Utara, East Kalimantan, on February 26, 2025. Antara/M Risyal Hidayat. tempo : 174223430191.

THE uncertainty surrounding the continuation of the Nusantara Capital City (IKN) project has finally been resolved. President Prabowo Subianto has approved a budget allocation of Rp48.8 trillion (around US$3 billion) for the second phase of IKN infrastructure development, covering the period from 2025 to 2029. Acting Deputy for Structure and Infrastructure at the IKN Authority, Danis Sumadilaga, stated that the ongoing development would cont

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Ghoida Rahmah

Wijaya Karya Nusantara Capital City IKN Authority construction SOE debts Waskita Karya debts IKN construction
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