Nindya is the first SOEs to build state civil apparatus housing at IKN

Jakarta, 28 March 2023 - Nindya is the first BUMN to build an ASN residential project under the Public Private Partnership (PPP) scheme in the IKN Nusantara area. Nindya was the initiator of the 8 (eight) tower project for ASN residential areas in the archipelago with a total investment of 1.42 trillion.

Nindya has received a Letter to Proceed (LTP) from OIKN to build the ASN-Defense Defense together with the three previous investors. Main Director of PT Nindya Karya, Haedar A Karim said that it was Nindya's commitment to always be present with the government in national development. "The development of the Archipelago is very important for the future of Indonesia. Nusantara will be a catalyst for Indonesia's development, especially in the eastern region. Nindya is proud to be able to participate in the development of the archipelago.” Hedar explained.

He added that Nindya also received financial support from Danareksa as the holding company. "Nindya invested 1.42 trillion where Nindya as Member Holding Danareksa fully received financial support from Parent Holding Danareksa." he concluded.

Meanwhile, Head of the Nusantara IKN Authority (OIKN), Bambang Susantono hopes that Nindya can play a role in accelerating the development of IKN. "The presence of Nindya as an investor is believed to accelerate the development of the Archipelago so that in 2024 ASNs can start moving," he explained.

Nindya will build an ASN residence in the West Government WP1A-1 area. As a company that focuses on construction, EPC and investment, Nindya is currently developing investment diversification that provides added value based on excellence engineering with innovation and superior and ethical human capital. In addition, the construction of ASN residential areas, which mostly maintain green areas, is in line with Nindya's passion for implementing the concept of sustainable lean and green construction.

The business scheme in the project development is Public Private Partnership (PPP). In this scheme, there is risk sharing between the government and investors along with incentives and penalties for its implementation in the provision of services and or public infrastructure.

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