In a convention in Singapore in June 2023, Widodo attempted to reassure investors the project would keep on no matter who would gain the 2024 Indonesian presidential election, and that Nusantara was a "golden option" for financial commitment.

“The federal government ought to watch out in earning decisions pertaining to budget allocation for IKN,” he stated.

“We consistently supply supervision as function progresses, including on the development of Actual physical infrastructure,” he said.

Thus, the government demands to make certain the spending plan allotted for IKN is put in optimally. He indicates the spending budget should be centered on projects that have a bigger impact on accelerating development and attracting investor desire, for example transportation and Electrical power infrastructure initiatives.

Trees currently being planted as the town is made to be sustainable. The Ministry of Public Will work and Community Housing structured a funds town layout contest in late 2019. The winner, Nagara Rimba Nusa ('Forest Archipelagic Place')[forty six] by Urban+ was formally announced on 23 December 2019. The federal government undertook to collaborate on the look from the successful group with that of the next- and third-put teams, as well as international designers, to sharpen the ultimate structure system nearly 2020.

With the a few international investments, just one is actually a immediate overseas expense, although one other two are partnerships with domestic companies.

By the end of Joko Widodo's presidency, quite a few structures were done including the Condition Palace, ministry places of work, residential properties, monuments and parks, and also projects outside the house governing administration price range including lodges, hospitals, and PSSI instruction Centre. On 17 August 2024, Indonesia officially celebrated its Independence Working day for The very first time in Nusantara.

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Bank Permata Head Economist observed that the government is in the dilemma. On a person hand, the APBN need to entice investors, but on the other hand, their fiscal ability is incredibly confined.

Nusantara was selected given that the official name for The brand new funds town of Indonesia to embody the countrywide geopolitical eyesight often called Wawasan Nusantara (lit. 'Nusantara Vision'; or 'Vision of IKN the Indonesian archipelago'). It also displays the state's standing as an archipelagic point out.

“In the event the budget allocation in the APBN is restricted, private expense has to be boosted. The government can prioritise the APBN allocation for fundamental or crucial areas, even though other areas are financed by the non-public sector,” he explained.

Indonesian presidential aircraft Avro RJ85 landing at Nusantara Global Airport. To attain the goal of having eighty% of transportation supported by non-non-public means, a comprehensive general public transportation community is planned for the new cash.

Nevertheless, he reminded the next governing administration to not depend on the point out budget to fund the new capital's progress because the finances is specific to fulfill just twenty percent of the full funding desires of the town's progress.

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