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USTDA Approves $2.49 Million Grant for Sustainable Development at IKN

by Redaksi Asiatoday
March 7, 2024
in News
Reading Time: 2 mins read
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USTDA Approves $2.49 Million Grant for Sustainable Development at IKN

Director of the United States Trade and Development Agency (USTDA) Enoh T. Ebong at a press conference in Jakarta, Thursday, March 7 2024. Photo: US Embassy

ASIATODAY.ID, JAKARTA – Director of the United States Trade and Development Agency (USTDA) Enoh T. Ebong on Thursday 7 March 2024, announced new US support to advance sustainable development in the IKN Archipelago.

USTDA approved grant funding of $2.49 million to the Archipelago Capital Authority (OIKN) for technical assistance to develop detailed designs, technical specifications, procurement documentation, and capacity building strategies to support the development of the archipelago’s smart city priority infrastructure.

In addition, in April 2024, USTDA will host a trade mission from Indonesia consisting of a delegation of senior officials and decision makers who lead the planning, financing and implementation of the archipelago to visit the United States.

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The delegation will travel to New York, Houston, Austin, and Los Angeles to learn about U.S. smart city technologies and applications, develop business relationships, and discuss resources and investment financing opportunities.

“USTDA has a rich history of partnership with Indonesia, with a focus on advancing Indonesia’s infrastructure priorities that can be supported by the US private sector through cutting-edge innovations,” said Director Ebong, quoted from a press release, US Embassy in Jakarta, Thursday, March 7 2024 .

“Among our many other projects in the country, USTDA is here to support Indonesia’s efforts to build a new world-class capital city, a challenging endeavor that also creates many opportunities for collaboration. “We share Indonesia’s commitment to developing high-quality infrastructure that will grow and maintain long-term prosperity in all regions of the country,” he said.

As a reference, since 1992, USTDA has supported more than 100 infrastructure development activities in Indonesia, which is USTDA’s largest portfolio in the Indo-Pacific region in 2023. In 2021, USTDA opened an office in Jakarta.

USTDA’s efforts in support of the Archipelago advance Biden-Harris Administration priorities including the Partnership for Global Infrastructure and Investment and the Indo-Pacific Economic Framework for Prosperity. (ATN)

Check out other news and articles at Google News and WA Channel

Tags: IKNUnited States Trade and Development AgencyUSTDA
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