At a convention in Singapore in June 2023, Widodo made an effort to reassure investors that the undertaking would proceed no matter who would win the 2024 Indonesian presidential election, and that Nusantara was a "golden option" for investment decision.
The relocation proposal saved currently being talked over for many years until eventually the presidency of Susilo Bambang Yudhoyono who supported The thought to create a new political and administrative centre of Indonesia because of Jakarta's environmental and overpopulation challenges.[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]
For that reason, The federal government demands to make certain that the budget allotted for IKN is spent optimally. He indicates that the funds must be centered on tasks which have a bigger impact on accelerating enhancement and attracting Trader fascination, such as transportation and energy infrastructure projects.
Until finally now, The federal government has consistently done roadshows in a variety of countries to advertise expense alternatives in The brand new government centre.
At any time, and for almost any lawful Authorities objective, the government may perhaps keep an eye on, intercept, and lookup and seize IKN any interaction or knowledge transiting or stored on this system.
"Pekerjaan ini akan membuka akses menuju KIPP 1B dan 1C, mengembangkan space seluas six.700 hektare yang akan difungsikan untuk sektor pendidikan, kesehatan, serta fasilitas kota berkonsep mixed use.
Reflecting on this demanding situation, he suggests that the government should reduce their anticipations for your IKN task and strategy the development system more rationally and devoid of haste.
“So long IKN as the government lacks thorough planning, it will be challenging to draw in investors. They're going to question: What exactly is staying supplied? What are the extensive-phrase circumstances? When will they receive a return on financial commitment? Traders want solutions to these issues,” he stated.
Nusantara was chosen since the official identify for the new capital city of Indonesia to embody the national geopolitical vision called Wawasan Nusantara (lit. 'Nusantara Eyesight'; or 'Vision in the Indonesian archipelago'). In addition, it displays the state's status being an archipelagic state.
“In the event the finances allocation within the APBN is proscribed, non-public expenditure must be boosted. The federal government can prioritise the APBN allocation for standard or critical aspects, while other aspects are financed by the non-public sector,” he spelled out.
According to him, this technique has to be applied in the event of IKN, as it really is vital to entice traders to help the job.
Having said that, he reminded the following authorities not to depend on the condition spending budget to fund the new funds's IKN improvement because the spending budget is qualified to fulfill just twenty percent of the overall funding requires of the city's advancement.
Ini untuk memberikan keamanan dan keberlanjutan proyek dan memastikan kelanjutannya setelah Joko Widodo tidak lagi di kursi kepresidenan.[28]