Indonesia’s new leader Prabowo Subianto wants to complete key government and parliamentary buildings in the country’s $32 billion new capital city in the next four years.
What Is The Project All About?
The capital project is an initiative of former President Joko Widodo.
The project aims to move Indonesia’s seat of power about 1,200 km (745 miles) away from sinking and congested Jakarta to Nusantara, located in a jungle of Borneo island.
“He (Prabowo) even hopes that the inauguration of the next Indonesia president and vice president in 2029 could be done in Nusantara,” Forestry minister, Raja Juli Antoni, said on his Instagram account.
Doubts Over The Project
The remarks on Prabowo’s intentions come amid doubts that he will pursue the project at the same speed as Widodo, who tacitly backed him for the election, and whether the state budget can stretch to fund Nusantara alongside his multi-billion dollar free-meal programme.
Raja Juli, however, said further there should be no questions of Prabowo’s commitment to continue his predecessor’s legacy project, as he has already guaranteed he would complete it.
“For him (Prabowo), Nusantara is the capital of politics. That is why in the next four years, apart from government buildings, we must complete buildings for legislative and judiciary bodies,” the minister added.
Completion Of Key Government Buildings
Key government buildings, like the presidential palace and some state officials housing were recently completed, while toll road and airport construction are underway.
Since construction started in 2022, the project has faced difficulties in attracting foreign investment.
The project can be expedited with smooth flow of foreign investment.
Nature Of Funding
The government had agreed that only a fifth of the total budget would come from the state.
It received its first foreign investment last month when Chinese property firm Delonix Group invested 500 billion rupiah ($31.80 million) to build hotels and offices.
