Wanted Investors To Quickly Moves, BP Batam Asks Entrepreneurs Prepare 20% Funds

TRIBUNBATAM.id - Batam Business Entity (BP), requested to investors who get land allocation immediately build their land.

To ensure investors build their own land, BP is asking for a guarantee fund of 20 percent from investment value.

This was revealed during the socialization of Head Regulation (Perka) for Land at BP Batam Marketing Center Building, Wednesday (2/26/2020).

The Director of Land Management, Ilham Eka Hartawan, emphasized some policies regulated in this Perka land.

Among them, it took steps to minimize land players or brokers.

The intention is to dispel bulging companies, with obligations that must be met, in order to obtain land.

• Newest Olea Cluster at Orchard Park Batam, For Sale Starting at IDR 888 Million

One of them, the recipient's obligation must provide an investment guarantee fund, amounting to 20 percent of investment value.

The rule is important to ensure that the land allocated, managed as stipulated.

"So we want the land not to stall. As soon as possible the land allocation permit is proposed," he said.

The guarantee provisions will be included when investor prepares a master plan.

Then, BP Batam will ask for reports per month related to developments.

"A business plan is planned, with a guarantee. After the licensing is complete, a quarterly report will be requested," he said.

In addition to these provisions, it is requested that 70 percent of investment guarantees can be disbursed during construction.

Where, the provisions apply, if the licensing is complete.

Then, the remaining invested funds are around 30 percent, disbursed later.

"The investment guarantee of 20 percent as remainder, can be disbursed, after the construction is completed, or start operational," he said.

In this new land regulation, bureaucratic pruning is also carried out.

Especially land that has been matured.

"Land that has been matured was uploaded on BP Batam website," Ilham said.

Ilham also said that BP Batam would control the land that had been allocated, but not developed.

Where, data collection is done by giving a special sign for land that is not developed.

"For land that has not been built for 20 years, it will be given a red color. Then for 10 years it will not be built, it will be given a red color," he stressed.

He added that currently his team was evaluating the land that had been allocated.

Then, they directly monitor the spaciousness of land conditions.

"Now it has been evaluated. Field monitoring was carried out, which meant taking a photo shoot from above," he said. (rus)

• Batam Suitable To Attract Investors, KPK Supports Clean Investment

• Indonesian Embassy Reveal The Reasons Why Canceled Flights From Singapore To Indonesia

• Harbour Bay Mall Will Be Closed on March, Hundreds of Employees Threatened Layoffs