Inclusion of projects on list draws scrutiny

Intertwined: A file photo of the centre of the site for Indonesia’s new capital city Nusantara in East Kalimantan. Entities involved in the development of the new capital have had other projects designated nationally strategic, drawing the suspicions of observers. — AP

JAKARTA: The government’s decision to include two projects of publicly listed property companies in its updated list of national strategic projects (PSN) has raised public suspicion, with critics pointing to a potential conflict of interest given the companies’ role in the development of the future capital city.

Both located within the Greater Jakarta area, the first project is part of the development of Pantai Indah Kapuk (PIK) 2 by property conglomerates Agung Sedayu Group and Salim Group, while the second one is part of Bumi Serpong Damai (BSD) under a subsidiary of Sinar Mas Group.