In a convention in Singapore in June 2023, Widodo attempted to reassure traders the undertaking would carry on regardless of who would earn the 2024 Indonesian presidential election, Which Nusantara was a "golden possibility" for financial commitment.
The relocation proposal kept being reviewed for many years until finally 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]
“We continuously offer supervision as perform progresses, which include on the development of physical infrastructure,” he stated.
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Non-public investors, with the Nusantara Consortium, are dedicated to investing Rp20 trillion to help The federal government in building the realm.
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“As long as The federal government lacks thorough arranging, It will probably be challenging to draw in investors. They will inquire: What exactly is currently being made available? What exactly are the prolonged-term problems? When will they receive a return on investment decision? Investors need to have answers to these queries,” he mentioned.
"Ini adalah kontrak single-calendar year yang harus selesai dalam 232 hari kerja. Tidak ada alasan untuk menunda. Semangat kerja keras tiga shift for each hari yang pernah ditunjukkan sebelumnya harus kembali dihidupkan.
The President-elect has been clear about his dedication to continuing IKN's development IKN throughout his presidency.
Indonesian presidential plane Avro RJ85 landing at IKN Nusantara Intercontinental Airport. To accomplish the intention of having eighty% of transportation supported by non-non-public indicates, an extensive public transportation network is prepared for the new capital.
Regardless of the progress in the development of the new money, Jokowi has nonetheless to indicator the presidential decree around the funds relocation from Jakarta to Nusantara.
Prabowo said that the Independence Working day ceremony in 2025 will also be held in The brand new cash, but he hasn't yet confirmed no matter whether it's going to occur at both equally Merdeka Palace in Jakarta along with the Condition Palace in Nusantara, since it did in 2024.