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In a meeting in Singapore in June 2023, Widodo attempted to reassure traders that the challenge would proceed regardless of who would get the 2024 Indonesian presidential election, and that Nusantara was a "golden prospect" for investment.
The relocation proposal retained staying reviewed for decades right up until the presidency of Susilo Bambang Yudhoyono who supported The theory to make a new political and administrative centre of Indonesia as a result of Jakarta's environmental and overpopulation challenges.[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. ^
Prabowo also expressed optimism that he will be able to satisfy persons's hopes regarding the main advantages of shifting the funds from Jakarta to Nusantara.
The two may even search for to realize more equitable growth inside the nation by developing new facilities of growth exterior Java island, such as Nusantara.
On the three international investments, a person is often a direct foreign financial commitment, while the opposite two are partnerships with domestic organizations.
By the end of Joko Widodo's presidency, a lot of properties had been completed including the State Palace, ministry offices, residential structures, monuments and parks, and also projects exterior govt price range including hotels, hospitals, and PSSI schooling center. On 17 August 2024, Indonesia officially celebrated its Independence Working day for the first time in Nusantara.
Josua included that using the APBN could help preserve fiscal balance. Nonetheless, You will find there's risk of compromising growth certainty as well as attractiveness of investing.
“As long as the government lacks in-depth setting up, Will probably be challenging to catch the attention of investors. They'll ask: What exactly is remaining made available? Exactly what are the lengthy-expression conditions? When will they get a return on expense? Investors need to have responses to these questions,” he mentioned.
In this context, economists consider the new regulation will depend heavily on the government’s power to make company incentives and bring in financial commitment.
The immediate investment, with none partnership with a local company, might be applied by Delonix Group, an organization from China that concentrates on the tourism sector.
Indonesian presidential plane Avro RJ85 landing at Nusantara IKN Intercontinental Airport. To realize the intention of getting 80% of transportation supported by non-non-public suggests, a comprehensive public transportation network is planned for The brand new money.
Regardless of the development in the development of The brand new funds, Jokowi has still to indicator the presidential decree about the capital relocation from Jakarta to Nusantara.
Prabowo mentioned that the Independence Day ceremony in 2025 may also be held in the new cash, but he has not nonetheless verified whether it can happen at equally Merdeka Palace in Jakarta and the State Palace in Nusantara, because it did in 2024.