At a meeting in Singapore in June 2023, Widodo tried to reassure buyers that the venture would continue on no matter who would acquire the 2024 Indonesian presidential election, and that Nusantara was a "golden possibility" for investment.
The relocation proposal held staying discussed for decades till the presidency of Susilo Bambang Yudhoyono who supported The reasoning to make a new political and administrative centre of Indonesia as a result of Jakarta's environmental and overpopulation troubles.[22][23]
Kabupaten Gunung Mas, Kalimantan Tengah menjadi daerah yang juga terpantau untuk ibu kota baru, lahannya yang luas, bebas gempa bumi hanya infrastruktur dan masyarakat perlu dipersiapkan. ^
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Private investors, through the Nusantara Consortium, are dedicated to investing Rp20 trillion to help the government in building the region.
Of the three foreign investments, a single is actually a direct foreign expenditure, whilst the other two are partnerships with domestic corporations.
By the top of Joko Widodo's presidency, a lot of structures had been completed like the Condition Palace, ministry workplaces, residential buildings, monuments and parks, in addition to tasks outside the house government budget such as accommodations, hospitals, and PSSI education Middle. On seventeen August 2024, Indonesia officially celebrated its Independence Working day for The very first time in Nusantara.
The federal government's energy to catch the attention of overseas investment for that Nusantara Funds Town (IKN) megaproject has proven to be quite demanding. Until finally the 8th series IKN of groundbreaking ceremonies, expenditure in The brand new govt centre has nonetheless largely relied on domestic buyers as well as point out finances.
Financial institution Permata Head Economist famous that The federal government is in the Problem. On 1 hand, the APBN ought to appeal to investors, but Alternatively, their fiscal capacity is incredibly limited.
Within this context, economists believe The brand new regulation will depend intensely on The federal government’s ability to make company incentives and appeal to expense.
Layanan kereta api akan menghubungkan ibu kota baru ke jalan tol yang ada di Kota Balikpapan.[53] Sistem kereta api antarkota dan regional baru akan dibangun untuk menghubungkan ibu kota baru dengan kota-kota dan bandara tetangga yaitu Samarinda (Bandara Internasional Samarinda) dan Kota Balikpapan sebagai bagian dari rencana yang lebih besar untuk jaringan kereta api Trans-Kalimantan yang menghubungkan seluruh sisi Pulau Kalimantan di Indonesia dengan layanan kereta api.[fifty four]
Indonesian presidential aircraft Avro RJ85 landing at Nusantara Global Airport. To achieve the purpose of having 80% of transport supported by non-personal implies, an extensive public transportation network is prepared for The brand new funds.
Consequently, Josua is encouraging The federal government to aggressively optimise other schemes by enabling greater contributions within the private sector.
Prabowo mentioned that the Independence Day ceremony in 2025 can even be held in The brand new cash, but he has not still verified no matter whether it'll occur at each Merdeka Palace in Jakarta as well as Point out Palace in Nusantara, because it did in 2024.