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Accelerated construction program launched for 18 industrial estates

The Investment Coordinating Board (BKPM) has launched an accelerated construction program (KLIK) for another 18 industrial estates across the archipelago in an effort to boost investment amid a global economic slowdown.

With the addition of the 18 estates, there are now 32 estates with KLIK facilities.

“We hope the expansion of KLIK can accelerate investment realization, especially in areas outside Java,” BKPM head Thomas Lembong said during the launch of the program in front of hundreds of regional officials and businesspeople at the Bali Nusa Dua Convention Center on Wednesday.

The additional 18 estates are in cities and regencies in Jakarta, West Java, Central Java, East Java, Riau Islands, Riau and East Kalimantan.

The already established 14 estates are mostly in Java.

KLIK facilities are available for any project regardless of capital size and manpower numbers as long as they are located within the 32 estates. Investors can immediately start construction after obtaining principle and investment permits from the BKPM or the one-stop integrated service (PTSP).

Practical licenses, such as the license to build (IMB), environment licenses (UKL/UPL) and environmental impact analyses (AMDAL), can be registered while the construction goes on.

Since the KLIK facilities were launched in 2015, 83 projects worth Rp 122.2 trillion (US$9.13 billion) have been developed across 11 estates. (bbn)

Source: Jakarta Post