US supports Indonesia in developing new capital city
The US Trade and Development Agency (USTDA) has approved grant funding of 31.3 billion IDR (over 2 million USD) to Indonesia to develop its new capital city of Nusantara (IKN).
US Trade and Development Agency (USTDA) Director Enoh T. Ebong and Nusantara National Capital Authority (OIKN) Chairman Bambang Susantono in a press conference in Jakarta on March 7, 2024. (Photo: id.usembassy.gov)
Jakarta (VNA) – The US Trade and Development Agency(USTDA) has approved grant funding of 31.3 billion IDR (over 2 million USD)to Indonesia to develop its new capital city of Nusantara (IKN).
Speaking at a press conference held by the US Embassy inIndonesia on March 7, USTDA Director Enoh T. Ebong said that the USprovides funding to the Nusantara Capital Authority for technical assistance todevelop detailed designs, technical specifications, procurement documentation,and a capacity building strategy to support the development of Nusantara’spriority smart city infrastructure.
Next month, the USTDA will host a reverse trade mission to bringto the US an Indonesian delegation of senior officials and decision-makers to New York, Texas and California to meet US experts on infrastructure, policy and management in order to help the Southeast Asian overcome challenges on infrastructure that developing countries are facing.
At the press conference, Chairman of the Nusantara NationalCapital Authority (IKN) Bamb🌠൩ang Susantono said that IKN will not only be agreen capital city but also a smart, inclusive and sustainable one. It appliesthe latest technological advancements in various fields as a basis for citydevelopment to create a comprehensive ecosystem in addressing various aspectsincluding smart governance, transportation and mobility, smart living,resources, energy, smart industry, human resources, environment andinfrastructure.
According to the official, 20% of the investment in IKN is fromthe national budget, while the remaining funding is private capital./.
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US Trade and Development Agency (USTDA) Director Enoh T. Ebong and Nusantara National Capital Authority (OIKN) Chairman Bambang Susantono in a press conference in Jakarta on March 7, 2024. (Photo: id.usembassy.gov)
