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Lippo Group pledged to ‘resolve’ Meikarta project, ministry says
Once touted as the Riady family empire’s largest venture, Meikarta was unveiled in 2016 and marketed as the antidote to Jakarta, the country’s notoriously congested capital.
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Work in progress: An aerial photo from 2018 shows the construction of apartments at Meikarta in Cikarang, Bekasi regency, West Java. (Antara/Hafidz Mubarak A. )
L
ippo Group has pledged to resolve the problems surrounding the long-stalled Meikarta project within four months, according to the Public Housing and Settlements Ministry.
The ministry’s residential areas director general, Fitrah Nur, said on Wednesday that he had called Lippo Group chairman John Riady and had been assured that the conglomerate vowed to resolve the issue.
“I called John in yesterday,” said Fitrah, as quoted by Kumparan. “He assured me, ‘Okay, sir, we’re ready to resolve this’.”
Fitrah said he had met with John at the ministry’s offices in Central Jakarta on Tuesday to discuss a path forward for the troubled property development.
Read also: Meikarta customers hope for solution after James Riady meets Jokowi
However, he noted that resolving the issue would not be straightforward, given the number of stakeholders involved.
“This is a complex matter,” Fitrah said, noting that local governments handled permits, the Agrarian and Spatial Planning Ministry oversaw land issues and banks controlled the financing aspects. “We need to consolidate all these stakeholders to find a solution.”
