OIKN to Boost New Capital Development with Rp48.8 Trillion Budget

Indonesia’s New Capital: Nusantara Embraces the Future

Indonesia’s ambitious vision for a sustainable and modern political hub, Nusantara, is rapidly taking shape. With a budget of Rp48.8 trillion (approximately US $2.98 billion) allocated for the next phase of development, Nusantara, located in Borneo, is poised to become the nation’s political heart by 2028.

This transformative project is spearheaded by the Nusantara Capital Authority (OIKN), led by Basuki Hadimuljono. “For the second development phase in the 2025-2029 period,we need Rp48.8 trillion budget from the state budget to complete the legislative and judiciary complexes, its supporting ecosystem, and to commence the second phase of Nusantara City,” Hadimuljono explains.

president Joko Widodo, deeply invested in Nusantara’s success, has instructed officials to review the grand design for the legislative and judicial office complexes.Emphasizing a thorough approach to the city’s development, President Widodo envisions Nusantara as the nation’s political capital by 2028.

“OIKN and the public works ministry will collaborate on a joint team to meticulously review the design,” Hadimuljono confirmed during a recent visit by the Indonesian parliament delegation. “The Rp48.8 trillion budget will be allocated strategically to complete the legislative and judiciary complexes, including crucial supporting infrastructure, such as accommodation for staff.” Furthermore, the budget will encompass ongoing maintenance and management of completed facilities in Nusantara, ensuring the city’s smooth operation.

Beyond government buildings, Nusantara’s development embraces a vision of sustainable and inclusive growth. OIKN actively engages with private partners, with public-private partnership projects worth Rp60.93 trillion (approximately US $3.9 billion) already planned for the city. “These projects demonstrate the strong confidence of the private sector in Nusantara’s future,” Hadimuljono notes.

Indonesia’s Futuristic Capital: An exclusive Look at Nusantara

Nusantara, Indonesia’s bold new capital, is rapidly ascending from blueprint to reality.Fueled by a Rp48.8 trillion budget allocated for its next development phase, the city is poised to become the nation’s political heart by 2028.
To delve into the progress and future vision of this ambitious project, we sat down with Basuki Hadimuljono, the Chief of the Nusantara Capital Authority (OIKN).

“This budget is crucial for completing the legislative and judiciary complexes,including all the necessary supporting infrastructure,like staff accommodations,” Hadimuljono explains. “we also plan to initiate the second phase of Nusantara City’s development with this investment.”

President Prabowo Subianto is deeply involved in this project, particularly in reviewing the grand designs for these major complexes. “President Subianto emphasizes the need for a holistic and comprehensive approach to Nusantara’s development,” Hadimuljono reveals. “He has tasked OIKN and the public works ministry to collaborate on a joint team that meticulously reviews the design plans, ensuring they align with his vision for a modern, sustainable, and functional political center.”

Nusantara’s development, however, extends far beyond government buildings. Hadimuljono emphasizes the importance of private sector engagement in this grand endeavor. “We believe in a synergistic approach, leveraging both public and private sector resources,” he states. “We have a pipeline of public-private partnership projects worth Rp60.93 trillion ($3.77 billion) lined up. These projects encompass a wide range of initiatives, including 97 apartment towers, 129 landed houses, and a significant solar power plant. The investment will also fund six public-private partnership projects for the 138.6-kilometer road and multi-utility tunnel development at the Central Government Core Area (KIPP), which is now partly complete.”

This multifaceted approach to development, blending public and private sector investments, positions Nusantara to become a thriving, modern city – a shining beacon of Indonesia’s future.

Nusantara: A vision for Indonesia’s Future

Indonesia is embarking on an ambitious project: building Nusantara, a brand new capital city poised to become a shining beacon of modern urban development.

This forward-thinking metropolis is envisioned as more than just a administrative center; it’s a symbol of Indonesia’s progress, showcasing sustainable practices and prioritizing the well-being of its citizens.

Basuki Hadimuljono, the minister overseeing the Nusantara project, describes it as “a city that is not only efficient and modern but also environmentally pleasant and socially equitable.”

The city’s development encompasses a wide array of projects, from residential areas featuring apartment towers and landed houses to a large-scale solar power plant, signifying a strong commitment to renewable energy. The infrastructure project also includes road development and multi-utility tunnel construction at the Central Government Core Area (KIPP).

Nusantara’s ambition extends beyond just bricks and mortar. President Joko Widodo has a clear vision for Nusantara to become the nation’s political heart by 2028.

Minister Hadimuljono expresses unwavering confidence in achieving this ambitious goal: ” With the unwavering support of the government, the dedication of our team, and the collaborative spirit of our public and private partners, we are well on track to realise President Subianto’s vision. nusantara will be a symbol of Indonesia’s progress and a shining example of sustainable urban development.”

How does President Subianto’s vision for Nusantara influence the city’s blueprint and development priorities?

Indonesia’s New Capital: An Interview with Basuki Hadimuljono

Indonesia’s aspiring vision for a sustainable and modern political hub,Nusantara,is rapidly taking shape. We sit down with Basuki Hadimuljono, the chief of the Nusantara Capital Authority (OIKN), to learn more about the progress and future of this groundbreaking project.

A New era for Indonesian Governance

Archyde: Mr. Hadimuljono, Nusantara is generating a lot of excitement. Can you tell us about the latest developments in the city’s construction?

Hadimuljono: Certainly. we’ve made notable strides in recent months. The allocation of Rp48.8 trillion for the next development phase is a testament to the government’s commitment to Nusantara’s success. This funding will be crucial for completing the legislative and judiciary complexes, including all the necessary supporting infrastructure, like staff accommodations. We’re also excited to initiate the second phase of Nusantara City’s development with this investment.

President Subianto’s Vision

Archyde: President Subianto has been intimately involved in reviewing the design plans for Nusantara. What are some of the key aspects of his vision that are shaping the city’s blueprint?

Hadimuljono: President Subianto emphasizes the need for a holistic and extensive approach to Nusantara’s development. He envisions a modern, sustainable, and functional political center that fosters both efficiency and environmental duty. He has tasked OIKN and the public works ministry to collaborate on a joint team that meticulously reviews the design plans, ensuring they align with his vision.

Public-Private Partnership for Growth

Archyde: Beyond government infrastructure,Nusantara is also attracting significant private sector investment. Can you tell us more about the public-private partnerships driving this development?

Hadimuljono: Absolutely. We believe in a synergistic approach, leveraging both public and private sector resources. We have a pipeline of public-private partnership projects worth Rp60.93 trillion lined up. Thes projects encompass a wide range of initiatives, including 97 apartment towers, 129 landed houses, and a significant solar power plant. This investment will also fund six public-private partnership projects for the 138.6-kilometer road and multi-utility tunnel development at the Central Government Core Area (KIPP), which is now partly complete.

A Sustainable Future for Indonesia

Archyde: As Nusantara takes shape, what message would you like to convey about it’s potential impact on Indonesia? Many see Nusantara as more than just a new capital city; it’s a symbol of Indonesia’s future. What are your hopes for Nusantara in the years to come?

Hadimuljono: That’s precisely right. nusantara is more than just bricks and mortar; it represents Indonesia’s commitment to sustainable and inclusive growth. Our ambition is to create a city that is not only efficient and modern but also environmentally pleasant and socially equitable. Nusantara will be a symbol of Indonesia’s progress,a shining example of what can be achieved when we combine visionary leadership, collaborative partnerships, and a dedication to building a better future for all Indonesians.