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New Capital

New IKN Authority head determined to hit the ground running

(ANTARA) – The newly-installed head of Nusantara Capital Authority (IKN), Bambang Susantono, is determined to move quickly on building the IKN and the establishment of the new national capital. (read full article)

Capital city’s relocation aims to create new economic center: Bappenas

Jakarta (ANTARA) – The capital city’s relocation from Jakarta to East Kalimantan is part of the government’s efforts to create a new economic center, Deputy Head of National Development Planning Board (Bappenas) for Regional Development Rudy Prawiradinata stated. (read full article)

Some 80 percent budget for IKN sourced from PPP, investment: President

Jakarta (ANTARA) – Some 80 percent of the development budget for Indonesia’s new national capital city (IKN) will be derived from the public-private partnership (PPP) scheme and direct investment, President Joko Widodo (Jokowi) stated. (read full article)

Work on future capital to start in second half of year

The government must begin work on the new capital city in the second half of this year, as further postponement would jeopardize plans to make the move in 2024, according to the Public Works and Housing Ministry. (read full article)

New capital development dominated 2022 state budget design: minister

Finance Minister Sri Mulyani Indrawati has said the development of Indonesia’s new capital (IKN) was one of the key factors that determined the design of the state budget for 2022. (read full article)