At a meeting in Singapore in June 2023, Widodo tried to reassure buyers that the task would keep on regardless of who would gain the 2024 Indonesian presidential election, Which Nusantara was a "golden possibility" for investment decision.

The relocation proposal held remaining reviewed for decades till the presidency of Susilo Bambang Yudhoyono who supported The concept to make a new political and administrative centre of Indonesia due to Jakarta's environmental and overpopulation challenges.[22][23]

Ini akan menjadi pemicu masuknya investasi-investasi baru yang akan mempercepat tumbuhnya kawasan IKN secara keseluruhan," jelas Danis.

Consequently, the government requires to make sure that the funds allotted for IKN is expended optimally. He indicates that the price range must be centered on jobs which have a larger effect on accelerating progress and attracting Trader desire, including transportation and Electrical power infrastructure jobs.

The two will likely seek out to realize additional equitable development during the state by making new facilities of expansion outdoors Java island, which include Nusantara.

Dependant on the Nusantara Sensible City Blueprint, the town's improvement has become divided into 5 phases, with the very first period (2022–2024) involving the relocation with the capital from Jakarta to Nusantara.

Notification e-mail IKN will probably be sent out a person thirty day period ahead, two weeks ahead, sooner or later ahead, on precisely the same day, 5 times right after and two months just after for each publication day.

Any communication or details transiting or stored on This technique may very well be disclosed or used for any lawful Government intent.

“Given that the government lacks in-depth setting up, It'll be difficult to attract investors. They can check with: What is being available? What are the long-phrase ailments? When will they get a return on financial commitment? Traders need responses to those issues,” he said.

Nusantara was picked out as the Formal identify for The brand new money metropolis of Indonesia to embody the nationwide geopolitical eyesight called Wawasan Nusantara (lit. 'Nusantara Vision'; or 'Vision of your Indonesian archipelago'). In addition, it demonstrates the nation's standing being an archipelagic condition.

The President-elect is very clear about his dedication to continuing IKN's enhancement through his presidency.

Indonesian presidential aircraft Avro RJ85 landing at Nusantara Intercontinental Airport. To achieve the intention of getting eighty% of transport supported by non-personal signifies, a comprehensive public transportation network is planned for the new money.

Nonetheless, IKN he reminded the subsequent governing administration to not depend upon the condition funds to fund the new cash's enhancement as the spending budget is specific to satisfy just twenty percent of the overall funding needs of town's enhancement.

Quite simply, he added that the government must put together a variety of references and make investment decision decisions dependant on the organization issues of probable traders.