In a convention in Singapore in June 2023, Widodo tried to reassure buyers which the task would go on no matter who would win the 2024 Indonesian presidential election, Which Nusantara was a "golden possibility" for financial investment.
The relocation proposal saved becoming discussed for decades until the presidency of Susilo Bambang Yudhoyono who supported The theory to create a new political and administrative centre of Indonesia as a result of Jakarta's environmental and overpopulation problems.[22][23]
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]
Therefore, The federal government requirements to make sure that the budget allocated for IKN is expended optimally. He suggests that the finances ought to be centered on assignments that have a larger effect on accelerating progress and attracting Trader curiosity, for instance transportation and Strength infrastructure initiatives.
The two may even seek out to appreciate extra equitable development in the nation by producing new facilities of development outdoors Java island, which includes Nusantara.
Dependant on the Nusantara Sensible Metropolis Blueprint, the town's progress continues to be divided into 5 phases, with the first stage (2022–2024) involving the relocation with the cash from Jakarta to Nusantara.
By the end of Joko Widodo's presidency, a lot of buildings were completed including the Point out Palace, ministry offices, household properties, monuments and parks, along with tasks outside govt price range which include accommodations, hospitals, and PSSI schooling center. On seventeen August 2024, Indonesia officially celebrated its Independence Working day for The 1st time in Nusantara.
The federal government's hard work to attract overseas investment decision with the Nusantara Money City (IKN) megaproject has proven to become pretty complicated. Right up until the 8th series of groundbreaking ceremonies, expense in the new govt centre has still mostly relied on domestic buyers as well as state spending plan.
“Given that the government lacks comprehensive scheduling, It will likely be difficult to entice traders. They're going to question: What's remaining available? What are the extensive-time period ailments? When will they receive a return on investment decision? Traders need answers to these concerns,” IKN he stated.
Nusantara was picked out because the official title for The brand new money metropolis of Indonesia to embody the countrywide geopolitical eyesight known as Wawasan Nusantara (lit. 'Nusantara Eyesight'; or 'Eyesight with the Indonesian archipelago'). Additionally, it displays the place's status as an archipelagic point out.
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.[54]
President Prabowo Subianto has confirmed his administration's determination to continuing the development of Nusantara as Indonesia's new money.[75] Prabowo envisions Nusantara, the cash metropolis in East Kalimantan, given that the political money of Indonesia.[76] Together with making govt workplaces, structures that can signify the opposite two branches from the Trias Politica—legislative and judicial—have to also be completed.
With the town aspiring to get a "entire world town for all," the public will certainly hold out to discover all the IKN advantages that Nusantara will bring. Linked information: Jokowi states Prabowo devoted to accelerating Nusantara’s Create
Prabowo mentioned the Independence Day ceremony in 2025 will also be held in the new money, but he has not yet confirmed whether it will eventually take place at each Merdeka Palace in Jakarta and the Point out Palace in Nusantara, as it did in 2024.