In a conference in Singapore in June 2023, Widodo made an effort to reassure investors that the job would go on irrespective of who'd get the 2024 Indonesian presidential election, Which Nusantara was a "golden prospect" for financial investment.
The relocation proposal saved currently being reviewed for many years until eventually the presidency of Susilo Bambang Yudhoyono who supported the idea to make a new political and administrative centre of Indonesia as a consequence of Jakarta's environmental and overpopulation difficulties.[22][23]
Ini akan menjadi pemicu masuknya investasi-investasi baru yang akan mempercepat tumbuhnya kawasan IKN secara keseluruhan," jelas Danis.
Prabowo also expressed optimism that he will be able to fulfill people today's hopes regarding some great benefits of shifting the money from Jakarta to Nusantara.
Until eventually now, The federal government has continuously performed roadshows in several nations to promote investment opportunities in The brand new governing administration centre.
According to the Nusantara Clever Metropolis Blueprint, town's improvement is divided into 5 phases, with the initial section (2022–2024) involving the relocation from the funds from Jakarta to Nusantara.
Notification e-mail will probably be despatched out one particular thirty day period in advance, two months in advance, one day ahead, on exactly the same day, 5 times just after and two months soon after for every publication day.
The government's exertion to entice foreign investment decision to the Nusantara Funds City (IKN) megaproject has proven being IKN pretty challenging. Till the 8th series of groundbreaking ceremonies, expense in The brand new federal government centre has nonetheless largely relied on domestic buyers as well as the point out spending budget.
In addition, a different intercity and regional rail IKN program is going to be made to backlink The brand new funds with neighboring metropolitan areas including Samarinda and Balikpapan, forming Component of the broader Trans Kalimantan Railway network which will hook up all the Indonesian aspect of Borneo Island with rail support.[95]
The remaining funding is predicted to come from personal sector investments and public-private partnerships. Sadly, thus far, the APBN is still becoming heavily relied upon for the development of Nusantara.
The President-elect continues to be obvious about his determination to continuing IKN's advancement all through his presidency.
According to him, this strategy must be implemented in the development of IKN, as it is actually vital to appeal to investors to assist the job.
Despite the development in the event of the new cash, Jokowi has yet to signal the presidential decree about the capital relocation from Jakarta to Nusantara.
To paraphrase, he included that the government need to get ready various references and make financial investment choices depending on the small business things to consider of likely investors.