In a meeting in Singapore in June 2023, Widodo attempted to reassure buyers the job would keep on irrespective of who'd win the 2024 Indonesian presidential election, and that Nusantara was a "golden opportunity" for expenditure.

“The federal government have to watch out in creating conclusions concerning price range allocation for IKN,” he mentioned.

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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Non-public buyers, from the Nusantara Consortium, are dedicated to investing Rp20 trillion to help the government in developing the realm.

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Josua added that using the APBN could assist keep fiscal stability. On the other hand, There exists a chance of compromising advancement certainty plus the attractiveness of investing.

Furthermore, a completely new intercity and regional rail method will be built to link The brand new cash with neighboring cities for example Samarinda and Balikpapan, forming Section of the broader Trans Kalimantan Railway community that could connect the entire Indonesian facet of Borneo Island with rail support.[95]

In this context, economists imagine the new regulation will count intensely on The federal government’s ability to develop business incentives and catch the attention of expense.

The President-elect is very clear about his motivation to continuing IKN's progress all through his presidency.

Indonesian presidential plane Avro RJ85 landing at Nusantara Intercontinental Airport. To obtain the purpose of getting eighty% of transportation supported by non-personal signifies, an extensive IKN public transportation community is planned for the new money.

Even so, he reminded another federal government to not depend on the point out price range to fund the new funds's advancement since the price range is targeted to meet just twenty per cent of the full funding desires of the city's progress.

Prabowo said the Independence Working day ceremony in 2025 may also be held in The brand new cash, but he has not nevertheless verified irrespective of whether it'll take place at both Merdeka Palace in Jakarta plus the Condition Palace in Nusantara, mainly because it did in 2024.