In a conference in Singapore in June 2023, Widodo made an effort to reassure investors that the undertaking would proceed no matter who would gain the 2024 Indonesian presidential election, Which Nusantara was a "golden possibility" for expenditure.

The relocation proposal kept being discussed for decades till 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 problems.[22][23]

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

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Trees staying planted as the town is built to be sustainable. The Ministry of Community Functions and General public Housing arranged a capital town design contest in late 2019. The winner, Nagara Rimba Nusa ('Forest Archipelagic Place')[46] by City+ was formally announced on 23 December 2019. The government undertook to collaborate on the look of your profitable crew with that of the second- and third-positioned teams, together with Global designers, to sharpen the ultimate layout course of action nearly 2020.

Dependant on the Nusantara Smart Town Blueprint, the city's progress has become divided into five phases, with the main phase (2022–2024) involving the relocation from the funds from Jakarta to Nusantara.

By the top of Joko Widodo's presidency, several structures had been completed like the Condition Palace, ministry workplaces, residential properties, monuments and parks, and also initiatives exterior government price range for example lodges, hospitals, and PSSI teaching Middle. On 17 August 2024, Indonesia officially celebrated its Independence Day for The 1st time in Nusantara.

Reflecting on this challenging situation, he suggests that the government must reduced their expectations for the IKN venture and strategy the development procedure additional rationally and devoid of haste.

Financial institution Permata Head Economist observed that The federal government is in the Predicament. On just one hand, the APBN should appeal to buyers, but Conversely, their fiscal potential may be very constrained.

"Ini adalah kontrak single-yr yang harus selesai dalam 232 hari kerja. Tidak ada alasan untuk menunda. Semangat kerja keras tiga shift per hari yang pernah ditunjukkan sebelumnya harus kembali dihidupkan.

The President-elect has been very clear about his motivation to continuing IKN's growth through his presidency.

President Prabowo Subianto has verified his administration's commitment to continuing the event of Nusantara as Indonesia's new cash.[seventy five] Prabowo envisions Nusantara, the cash city in East Kalimantan, as the political capital of Indonesia.[seventy six] As well as creating govt workplaces, structures that will depict one other two branches of the Trias Politica—legislative and judicial—should also be done.

With town aspiring to get a "globe town for all," the public will certainly hold out to view all the benefits that Nusantara will convey. Related news: Jokowi suggests Prabowo dedicated to accelerating Nusantara’s Establish

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