In a conference in Singapore in June 2023, Widodo made an effort to reassure buyers that the challenge would proceed no matter who would win the 2024 Indonesian presidential election, Which Nusantara was a "golden option" for investment.
The relocation proposal retained becoming discussed for decades until eventually the presidency of Susilo Bambang Yudhoyono who supported The theory to produce a new political and administrative centre of Indonesia on account of Jakarta's environmental and overpopulation troubles.[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]
Prabowo also expressed optimism that he should be able to satisfy persons's hopes about the many benefits of shifting the capital from Jakarta to Nusantara.
The two will also seek to appreciate much more equitable enhancement during the nation by developing new facilities of advancement exterior Java island, together with Nusantara.
Based upon the Nusantara Good Town Blueprint, town's advancement is divided into 5 phases, with the main phase (2022–2024) involving the relocation of the money from Jakarta to Nusantara.
By the tip of Joko Widodo's presidency, lots of structures had been done such as the Condition Palace, ministry places of work, residential structures, monuments and parks, and also projects outside the IKN house federal government spending plan including accommodations, hospitals, and PSSI training center. On 17 August 2024, Indonesia formally celebrated its Independence Working day for The 1st time in Nusantara.
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It's because the 2025 APBN nonetheless has confined fiscal House, notably as a result of large expenditure demanded for schooling, healthcare, Power subsidies, as well as other precedence expenses.
During this context, economists imagine the new regulation will depend closely on The federal government’s capacity to produce company incentives and catch the attention of investment decision.
The immediate investment, with no partnership with a local company, are going to be executed by Delonix Group, an organization from China that concentrates on the tourism sector.
Based on him, this technique must be carried out in the development of IKN, as it really is critical to bring in traders to guidance the undertaking.
Regardless of the development in the development of The brand new capital, Jokowi has but to sign the presidential decree within the capital relocation from Jakarta to Nusantara.
Ini untuk memberikan keamanan dan keberlanjutan proyek dan memastikan kelanjutannya setelah Joko Widodo tidak lagi di kursi kepresidenan.[28]