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Meikarta, the largest investment of Lippo Group

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Meikarta, the largest investment of Lippo GroupMeikarta, the largest investment of Lippo Group

News24xx.com - Lippo Group builds a new city Meikarta which are believed to be rival of Jakarta as a business center. This is because Meikarta was built in the middle of some new towns like Jababeka, Lippo Cikarang, and MM2100. Meikarta also provides a convenient residential location. In addition, it is pollution-free, unlike in Jakarta.


"Arguably, this is Indonesia’s Shenzhen," said the CEO of Lippo Group, James Riady in the written description.


He said projects worth Rp 278 trillion is the largest investment ever undertaken for 67 years Lippo Group. In the first stage, Meikarta began to build 250,000 housing will directly hold more than 1 million urban community.


The construction of the Meikarta project covering 22 million square meters area already designed since 2014. Physical work has been started since January 2016 with build 200,000 units.


In addition, the Central Government has begun to move quickly to build a couple of critical infrastructure. One of them is the construction of a fast train from Jakarta-Bandung Bekasi-Cikarang-with an investment of Rp 65 trillion.


Then the construction of the Patimban Deep Seaport is worth Rp 40 trillion, the construction of a new airport 'Kertajati International Airport' which is worth Rp 23 trillion, the construction of a APM Monorail that unites seven new cities around Meikarta and the development of Jakarta-Cikampek Elevated Highway toll worth Rp 16 trillion.

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