New Capital City Spokesman Explains Crowdfunding Concept

25 March 2022 11:48 WIB

Sepaku Semoi Dam, North Penajam Paser district, East Kalimantan province will serve as a raw water source for the new capital city, Nusantara. (ANTARA/HO-Public Works and Public Housing Ministry/uyu)

TEMPO.CO, Jakarta - The spokesperson for the new capital city (IKN) Sidik Pramono on Friday gave a clarification about the plan on launching a crowdfunding program for the construction of the new capital in East Kalimantan. Information about this source of funding was initially revealed by IKN head authority Bambang Susantono in an interview with Tempo.

Sidik maintained that crowdfunding would only be one of a wide array of funding alternatives outside the country’s state budget (APBN). He also elaborated that this gives an opportunity for the public to actively participate financially in the construction of public and social facilities. 

“It is voluntary, no one’s forced into it and the public themselves will be the initiator,” said Sidik on March 25. 

The Indonesian government scheduled the construction of the new capital city to run until 2045 with the first phase of construction planned to be finished by 2024, setting the stage for the core governmental area. On the independence day commemoration later on August 17 this year, the government plans to hold a ceremony at the East Kalimantan site and mobilize 60,000 state employees to attend the event. 

According to Sidik, other sources that are legal in accordance with the law for the new capital city construction are the use of state property, the use of assets under control, and the use of government and business entity cooperation schemes. There are also private sector contributions in the form of creative financing, crowdfunding, philanthropic funds, or corporate social responsibility (CSR) funds.

Read: Govt Explores Potential of Crowdfunding for New Capital Project

FRANCISCA CHRISTY ROSANA

Jakarta Hajatan; Council Speaker Talks about Capital City Relocation

3 hari lalu

Jakarta Hajatan; Council Speaker Talks about Capital City Relocation

Jakarta DPRD speaker says that the capital city's relocation to East Kalimantan will be momentum to accelerate Jakarta's development.


Jokowi: New Capital City Project Can Restore Environment

3 hari lalu

Jokowi: New Capital City Project Can Restore Environment

President Joko Widodo or Jokowi monitors tree nursery areas for the new capital city or IKN Nusantara in Mentawir, Penajam Paser, today, June 22, 202


Indonesia, South Korea Advances New Capital City Project Collaboration

5 hari lalu

Indonesia, South Korea Advances New Capital City Project Collaboration

A new MoU was signed between Indonesia and South Korea for the 'Nusantara' New Capital City project.


National Police HQ to Move to Nusantara Capital City in Stages

6 hari lalu

National Police HQ to Move to Nusantara Capital City in Stages

The National Police is preparing gradual relocation of its headquarters to the Nusantara Capital City in East Kalimantan in 2024


Govt' Makes Incentive Plan for Investors of New Capital City Project

8 hari lalu

Govt' Makes Incentive Plan for Investors of New Capital City Project

The government is formulating incentive schemes that hoped to attract funding for the new capital city construction project.


Bappenas Devises New Capital City Investment Guidelines

12 hari lalu

Bappenas Devises New Capital City Investment Guidelines

Bappenas is currently devising investment guidelines for Indonesia's new capital city of Nusantara (IKN) as investors start to approach.


Luhut Optimistic about Moving Office to IKN Nusantara in Q1 2023

16 hari lalu

Luhut Optimistic about Moving Office to IKN Nusantara in Q1 2023

Coordinating Minister Luhut shared optimism that he will move the Jakarta office to the new state capital or IKN Nusantara in Q1 of 2023.


Jokowi Gathers State Ministers; New Capital Project Starts Second Half of 2022

22 hari lalu

Jokowi Gathers State Ministers; New Capital Project Starts Second Half of 2022

President Jokowi gathered state ministers on Friday at the Bogor Presidential Palace for talks on the New Capital City of Nusantara.


2023 Infrastructure Spending Over Rp417tn as New Capital City Project Starts

25 hari lalu

2023 Infrastructure Spending Over Rp417tn as New Capital City Project Starts

Minister Sri Mulyani sets Indonesia's infrastructure spending in 2023 to hover around Rp367.7 trillion - Rp 417.7 trillion.


Religious Ministry Denies Diverting Hajj Funds for New Capital Project

39 hari lalu

Religious Ministry Denies Diverting Hajj Funds for New Capital Project

Religious Ministry denied allegations claiming the hajj funds collected from pilgrims are used to finance the New Capital City construction.