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Latest Reports Land Reclamation
Luhut Pandjaitan, Indonesia's Coordinating Minister for Maritime Affairs, said the Indonesian government will soon end the moratorium on the giant land reclamation project in the bay north off the coast of Jakarta. In April 2016 this project - involving the construction of 17 artificial islands for property and commercial development projects - was halted by Indonesian President Joko Widodo.
On 1 May 2016, Indonesia Investments released the latest edition of its newsletter. This free newsletter, which is sent to our subscribers once per week, contains the most important news stories from Indonesia that have been reported on our website over the last seven days. Most of the topics involve political and economic matters such as the 12th economic policy package, problems related to the land reclamation project off the coast of Jakarta, an update on inflation, the palm oil industry, smartphone usage, the most profitable companies, and much more.
According to local media, Commission IV of Indonesia's House of Representatives and the central Indonesian government agree to temporarily suspend development of the land reclamation project off the coast of North Jakarta as seven violations of Indonesian law occurred during the process. Authorities want to undertake a more thorough study before construction continues. Herman Khaeron, Vice Chairman of Commission IV, claims Jakarta Governor Basuki Tjahaja Purnama (better known as Ahok) has issued construction permits too soon without having a legal basis. Earlier, a corruption case related to this mega-project had made headlines.
On 27 March 2016, Indonesia Investments released the latest edition of its newsletter. This free newsletter, which is sent to our subscribers once per week, contains the most important news stories from Indonesia that have been reported on our website over the last seven days. Most of the topics involve economic matters such as infrastructure development, the current account deficit, updates on various sectors including property and banking, the controversial decision regarding the Masela LNG plant, land reclamation, and much more.
Netherlands-based leading dredging and marine expert Boskalis won a contract from Indonesia-based Ciputra Yasmin for the development of a land reclamation project off the coast of Makassar (South Sulawesi). Reportedly the contract is worth 80 million euro. Boskalis will develop five artificial islands offshore. These islands are part of the 'Centre Point of Indonesia' project which aims at creating quality land (through reclamation) and use this land for commercial and residential purposes. Activities are scheduled to start in the second quarter of the year. It will require two years to complete the project.
Latest Columns Land Reclamation
On Wednesday 26 September 2018 the local Jakarta administration decided to revoke private developers’ principle permits for the development of 13 artificial islands (reclaimed islands) in the bay north of Indonesia's capital city of Jakarta. The decision was hardly a surprise. After Anies Baswedan was elected Governor of Jakarta in 2017 it was assumed that the end of the grand project was near.
The local Jakarta administration has officially revoked principle permits for the development of 13 artificial islands (reclaimed islands) in the bay of Indonesia's capital city of Jakarta. For now, the decision means a complete stop to all activities related to the ambitious land reclamation project north of Jakarta.
The future of the ambitious land reclamation project in the bay of Indonesia's capital city of Jakarta is highly uncertain now Anies Baswedan has been elected as next Jakarta governor. Baswedan and his running mate Sandiago Uno have repeatedly expressed their objection to the reclamation project, while defeated Jakarta governor Basuki Tjahaja Purnama (Ahok) was a major supporter of the project.
The Indonesian government announced that the moratorium on the construction of the grand reclamation project off the bay of Indonesia's capital city of Jakarta has been lifted. In April 2016 Indonesian President Joko Widodo suspended all activities related to the project due to alleged violations of and/or hiatuses in Indonesian law. Moreover, a corruption scandal emerged involving one of the developers of the land reclamation project and a local Jakarta councilor.
Although development of the 17 artificial islands off the coast of Indonesia's capital city of Jakarta has been suspended (for six months) due to alleged violations of and/or hiatuses in Indonesian law, Jakarta Governor Basuki Tjahaja Purnama (known as Ahok) says he is certain that the ambitious land reclamation project will be continued after the moratorium. The construction of these 17 artificial islands is a project that is separate from (but highly integrated with) the central government's National Capital Integrated Coastal Development (NCICD) plan, better known as the Great Garuda.
The Indonesian Consumer Protection Foundation (YLKI) advises investors and consumers not to purchase property (yet) on the artificial islands that form part of the grand USD $40 billion land reclamation project (National Capital Integrated Coastal Development, abbreviated NCICD, also known as the Giant Sea Wall) off the coast of North Jakarta. Most property developers - including Agung Podomoro Land - have already started to advertise (and sell) property units on these islands despite these developers are yet to obtain all necessary permits.
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