Indonesia's Nusantara: The New Capital Amidst Challenges in Southeast Asia
Indonesia's Precarious Path to Nusantara
Indonesia is set to inaugurate its unfinished new capital city, Nusantara, amidst significant challenges. With a projected completion costing around $29 billion, the government's struggles with funding and missed deadlines have become apparent since the project's announcement five years ago.
Challenges Faced by Nusantara
- The shift of 1.9 million residents from Jakarta has faced delays.
- Private funding has not reached the anticipated levels, with only 20% aimed to be government-funded.
- Key resignations at the overseeing agency have heightened uncertainty.
Despite these issues, President Joko Widodo aims for Nusantara to alleviate traffic congestion and spread wealth across Indonesia.
Future Prospects Under New Leadership
Incoming President Prabowo Subianto has pledged to continue the Nusantara project; however, the focus may shift due to other financial commitments such as healthcare and education reforms. Observers remain cautious about the project's future priority in the government's agenda.
This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.