At a meeting in Singapore in June 2023, Widodo made an effort to reassure buyers which the undertaking would keep on no matter who'd get the 2024 Indonesian presidential election, and that Nusantara was a "golden chance" for investment.

“The federal government have to be careful in creating selections with regards to price range allocation for IKN,” he said.

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]

Hence, The federal government requires in order that the spending budget allocated for IKN is invested optimally. He suggests the spending plan really should be centered on initiatives that have a bigger influence on accelerating improvement and attracting investor curiosity, which include transportation and Electrical power infrastructure projects.

Trees remaining planted as the city is intended to be sustainable. The Ministry of Public Is effective and General public Housing arranged a money town style and design contest in late 2019. The winner, Nagara Rimba Nusa ('Forest Archipelagic Place')[46] by City+ was formally declared on 23 December 2019. The government undertook to collaborate on the look on the winning crew with that of the next- and 3rd-placed groups, along with Intercontinental designers, to sharpen the ultimate layout system around 2020.

Town is designed for sustainability and guarding its encompassing Kalimantan forests, focusing on eighty% of mobility being supported by community transport, cycling, or walking and drawing all of its Electricity from renewable sources and allocating 10% of its spot to food output.[50] Though, critics have voiced many issues in regards to the influence of Nusantara about the wildlife.

Notification e-mails will likely be sent out just one thirty day period in advance, two months in advance, one day ahead, on precisely the same working IKN day, five times following and two months just after for each publication date.

Josua added that utilizing the APBN could help maintain fiscal stability. However, You will find there's threat of compromising enhancement IKN certainty and also the attractiveness of investing.

“As long as The federal government lacks thorough planning, Will probably be tricky to bring in traders. They can talk to: What exactly is getting offered? What are the extensive-time period conditions? When will they get a return on investment decision? Buyers want solutions to these issues,” he mentioned.

In this context, economists believe The brand new regulation will depend greatly on the government’s capability to make business enterprise incentives and entice investment.

The President-elect has actually been obvious about his determination to continuing IKN's advancement during his presidency.

President Prabowo Subianto has confirmed his administration's motivation to continuing the event of Nusantara as Indonesia's new money.[75] Prabowo envisions Nusantara, the cash town in East Kalimantan, because the political cash of Indonesia.[76] Along with creating executive places of work, properties that can signify the other two branches on the Trias Politica—legislative and judicial—should even be completed.

As a result, Josua is encouraging The federal government to aggressively optimise other schemes by enabling much larger contributions in the private sector.

Quite simply, he added that the government should put together several references and make financial investment selections based on the business enterprise criteria of opportunity investors.