In a meeting in Singapore in June 2023, Widodo made an effort to reassure investors which the venture would keep on no matter who would earn the 2024 Indonesian presidential election, and that Nusantara was a "golden opportunity" for expenditure.

“The government will have to be cautious in making decisions concerning spending budget allocation for IKN,” he mentioned.

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

As a result, the government requirements to make certain the finances allocated for IKN is put in optimally. He suggests which the spending budget need to be focused on initiatives that have a bigger influence on accelerating growth and attracting investor desire, like transportation and energy infrastructure tasks.

Trees remaining planted as the city is intended to be sustainable. The Ministry of General public Is effective and Public Housing structured a cash town layout contest in late 2019. The winner, Nagara Rimba Nusa ('Forest Archipelagic Nation')[46] by City+ was formally declared on 23 December 2019. The federal government undertook to collaborate on the design of the winning group with that of the 2nd- and 3rd-put teams, in addition to Global designers, to sharpen the ultimate design procedure as much as 2020.

The city is made for sustainability and preserving its surrounding Kalimantan forests, concentrating on eighty% of mobility being supported by general public transportation, cycling, or going for walks and drawing all of its Vitality from renewable sources and allocating ten% of its space to food output.[50] Despite the fact that, critics have voiced numerous problems concerning the effect of Nusantara around the wildlife.

By the tip of Joko Widodo's presidency, numerous structures had been done such as the Point out Palace, ministry places of work, household buildings, monuments and parks, and jobs outside government price range which include accommodations, hospitals, and PSSI education Heart. On seventeen August 2024, Indonesia officially celebrated its Independence Day for the IKN first time in Nusantara.

The government's effort and hard work to appeal to overseas expense for your Nusantara Capital Metropolis (IKN) megaproject has confirmed to get rather challenging. Until eventually the 8th number of groundbreaking ceremonies, expense in the new governing administration centre has nevertheless mostly relied on domestic investors plus the point out spending plan.

This is because the 2025 APBN nonetheless has constrained fiscal Place, specifically mainly because of the high expenditure required for education and learning, Health care, energy subsidies, together with other precedence expenditures.

Nusantara was decided on given that the Formal title for the new funds metropolis of Indonesia to embody the countrywide IKN geopolitical vision generally known as Wawasan Nusantara (lit. 'Nusantara Vision'; or 'Eyesight of your Indonesian archipelago'). In addition, it reflects the nation's status being an archipelagic state.

The immediate expense, with no partnership with an area business, will likely be executed by Delonix Group, a company from China that focuses on the tourism sector.

Indonesian presidential aircraft Avro RJ85 landing at Nusantara Worldwide Airport. To obtain the purpose of getting eighty% of transportation supported by non-personal usually means, an extensive public transportation community is planned for The brand new funds.

Regardless of the development in the development of the new funds, Jokowi has but IKN to sign the presidential decree over the cash relocation from Jakarta to Nusantara.

Ini untuk memberikan keamanan dan keberlanjutan proyek dan memastikan kelanjutannya setelah Joko Widodo tidak lagi di kursi kepresidenan.[28]