"This ritual is actually a symbol of diversity and unity amongst us in the event of Nusantara," President Widodo reported on the party.

“The government have to be careful in creating selections regarding finances allocation for IKN,” he said.

“We continuously supply supervision as get the job done progresses, including on the development of Actual physical infrastructure,” he stated.

As a result, The federal government needs to ensure that the budget allotted for IKN is put in optimally. He indicates which the spending budget ought to be focused on assignments that have a larger impact on accelerating development and attracting investor desire, for example transportation and Vitality infrastructure assignments.

Until now, The federal government has continuously carried out roadshows in numerous nations around the world to advertise financial investment options in the new authorities centre.

Town is made for sustainability and shielding its surrounding Kalimantan forests, targeting eighty% of mobility to generally be supported by public transport, biking, or walking and drawing all of its energy from renewable sources and allocating ten% of its location to meals manufacturing.[fifty] Even though, critics have voiced quite a few worries regarding the impact of Nusantara over the wildlife.

By the end of Joko Widodo's presidency, many properties had been finished including the State Palace, ministry workplaces, household structures, monuments and parks, and also initiatives outside the house federal government price range such as accommodations, hospitals, and PSSI schooling center. On seventeen August 2024, Indonesia formally celebrated its Independence Day for The very first time in Nusantara.

The government's exertion to bring in overseas investment decision for your Nusantara Funds City (IKN) megaproject has proven to get rather difficult. Until eventually the 8th IKN number of groundbreaking ceremonies, investment in the new govt centre has however mainly relied on domestic investors and also the point out budget.

Furthermore, a different intercity and regional rail program will probably be constructed to connection The brand new cash with neighboring cities which include Samarinda and Balikpapan, forming part of the broader Trans Kalimantan Railway network that can join the whole Indonesian aspect of Borneo Island with rail assistance.[95]

With this context, economists believe that the new regulation will rely greatly on The federal government’s power to produce organization incentives and catch the attention of expenditure.

Layanan kereta api akan menghubungkan ibu kota baru ke jalan tol yang ada di Kota Balikpapan.[fifty three] Sistem kereta IKN api antarkota dan regional baru akan dibangun untuk menghubungkan ibu kota baru dengan kota-kota dan bandara tetangga yaitu Samarinda (Bandara Internasional Samarinda) dan Kota Balikpapan sebagai bagian dari rencana yang lebih besar untuk jaringan kereta api IKN Trans-Kalimantan yang menghubungkan seluruh sisi Pulau Kalimantan di Indonesia dengan layanan kereta api.[54]

Ini adalah awal dari rangkaian proyek besar selanjutnya seperti pembangunan gedung legislatif dan yudikatif serta infrastruktur pendukungnya," ujar Basuki.

On the other hand, he reminded the following authorities to not depend on the condition price range to fund the new money's growth since the budget is focused to meet just 20 percent of the entire funding needs of the city's improvement.

Prabowo stated the Independence Working day ceremony in 2025 will also be held in the new capital, but he has not nonetheless verified no matter whether it'll occur at both Merdeka Palace in Jakarta as well as Point out Palace in Nusantara, because it did in 2024.