Nevertheless, this effort and hard work remains suboptimal. This is certainly obvious in the continued reliance on two major funding sources, namely the APBN and domestic investors.

The relocation proposal kept being talked about for many years until eventually the presidency of Susilo Bambang Yudhoyono who supported The theory to make a new political and administrative centre of Indonesia resulting from Jakarta's environmental and overpopulation challenges.[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]

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Trees staying planted as town is built to be sustainable. The Ministry of Community Performs and Public Housing structured a capital town layout contest in late 2019. The winner, Nagara Rimba Nusa ('Forest Archipelagic Country')[forty six] by Urban+ was officially declared on 23 December 2019. The government undertook to collaborate on the look with the profitable staff with that of the second- and third-positioned teams, in addition to international designers, to sharpen the ultimate layout system nearly 2020.

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"Pekerjaan ini akan membuka akses menuju KIPP 1B dan 1C, mengembangkan spot seluas six.seven-hundred hektare yang akan difungsikan untuk sektor pendidikan, kesehatan, serta fasilitas kota berkonsep blended use.

Reflecting on this difficult scenario, he suggests that The federal government need to decreased their expectations for your IKN venture and approach the development system a lot more rationally and without haste.

Financial institution Permata Head Economist mentioned that The federal government is inside a Predicament. On one hand, the APBN have to draw in traders, but on the other hand, their fiscal capacity is incredibly limited.

Nusantara was selected since the official identify for the new money town of Indonesia to embody the countrywide geopolitical vision called Wawasan Nusantara (lit. 'Nusantara Vision'; or 'Vision in the Indonesian archipelago'). In addition, it displays the nation's status as an archipelagic state.

Layanan kereta api akan menghubungkan ibu kota baru ke jalan tol yang ada di Kota Balikpapan.[53] Sistem kereta 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 Trans-Kalimantan yang menghubungkan seluruh sisi Pulau Kalimantan di Indonesia dengan layanan kereta IKN api.[fifty four]

According to him, this solution has to be executed in the development of IKN, as it is actually essential to entice traders to assist the project.

Regardless of the progress in the development of the new capital, Jokowi has but to indicator the presidential decree about the capital relocation from Jakarta to Nusantara.

Prabowo stated the Independence Working day ceremony in 2025 will even be held in the new funds, but he hasn't however confirmed irrespective of whether it is going to occur at both of those Merdeka Palace in Jakarta along with the Condition Palace in Nusantara, mainly because it did in 2024.