Jokowi Reveals the Reason for Urgently Moving the Capital to IKN

"Dream - President Joko Widodo (Jokowi) explained the reasons for relocating the capital from Jakarta to the Nusantara Capital City (IKN). He stated that the relocation aims to encourage economic equity. Thus, the national economic wheel will no longer be overly reliant on Java Island. This was conveyed by Jokowi during the first cabinet meeting held in IKN with the ministers on Monday, August 12, 2024."

"If we know, one of the reasons why the capital is moving is because we want to achieve equity, because we know that 58 percent of the GDP is in Java. Therefore, we also want to ensure that those outside Java receive economic circulation," emphasized Jokowi as quoted from Liputan6.com, Monday, August 12, 2024."

Jokowi Reveals the Reason for Urgently Moving the Capital to IKN

"In addition, Jokowi complained about the population in Java, which has become excessively burdensome, where the island is inhabited by around 56 percent of the population in Indonesia. "This is also a consideration for us to move the capital. The burden in the capital, Jakarta, has indeed become very dense," said Jokowi."

On that occasion, he also presented the realization of investment income in the new capital, which reached Rp56.2 trillion. "As of today, beyond the budget from the APBN, the investments that have entered amount to Rp 56.2 trillion from the Rp 55 trillion that has already been groundbreaking," said Jokowi.

Jokowi said that there are 55 projects in IKN Nusantara that have had their groundbreaking with the investment input. Education has 6, health has 3, retail and logistics have 10, hotels have 8, energy and transport have 2, offices and banking have 14, housing and green areas have 9, media and technology have 3, he explained.

"Previously, Acting Head of the IKN Authority Basuki Hadimuljono explained that Jokowi is scheduled to conduct four infrastructure groundbreaking activities in the 7th groundbreaking session at IKN this week. In addition, Jokowi is also scheduled to work at the Garuda Palace IKN, East Kalimantan, from August 11–14, 2024. 'There are four that the IKN Authority has proposed,' said Basuki."

The infrastructure that will be inaugurated with its groundbreaking ceremony by President Jokowi is a banking and property building. "BBCA, two for banking, with Intiland for property, then RGE (Royal Golden Eagle) is the group for Hotel Nusantara," Basuki explained.

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