In a conference in Singapore in June 2023, Widodo made an effort to reassure traders which the project would keep on no matter who would earn the 2024 Indonesian presidential election, and that Nusantara was a "golden option" for expenditure.
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Menyusul pelantikan Bambang Susantono sebagai kepala otorita, provinsi di seluruh negeri secara seremonial mengirim sebidang tanah dan air dari situs bersejarah atau budaya yang signifikan di provinsi masing-masing untuk menjadi bagian dari landasan dan sendi ibu kota baru untuk peletakan batu pertama.[31]
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Private investors, in the Nusantara Consortium, are devoted to investing Rp20 trillion to aid the government in producing the region.
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By the tip of Joko Widodo's presidency, several properties were done such as the State Palace, ministry offices, household properties, monuments and parks, along with assignments outside federal government spending plan for example accommodations, hospitals, and PSSI teaching Centre. On 17 August 2024, Indonesia formally celebrated its Independence Working day for The very first time in Nusantara.
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Moreover, a different intercity and regional rail program might be manufactured to website link The brand new funds with neighboring metropolitan areas which include Samarinda and Balikpapan, forming A part of the broader Trans Kalimantan Railway network that should join your complete Indonesian side of Borneo Island with rail company.[95]
Nusantara was decided on given that the Formal identify for The brand new capital town of Indonesia to IKN embody the countrywide geopolitical vision often called Wawasan Nusantara (lit. 'Nusantara Eyesight'; or 'Vision of the Indonesian archipelago'). It also reflects the nation's status being an archipelagic condition.
The President-elect continues to be crystal clear about his motivation to continuing IKN's development in the course of his presidency.
Indonesian presidential aircraft Avro RJ85 landing at Nusantara Worldwide Airport. To attain the target of having eighty% of transportation supported by non-private implies, an extensive public transportation community is planned for The brand new funds.
Having said that, he reminded the next federal government not to rely upon the condition spending plan to fund the new money's growth as the budget is targeted to satisfy just twenty per cent of the entire funding requirements of the town's enhancement.
In other words, he added that The federal government should get ready several references and make investment choices determined by the company factors of opportunity traders.