JAKARTA, Jan 30 (NNN-ANTARA) – The investment realisation in Indonesia’s new capital, Nusantara, on Kalimantan Island, reached 47.5 trillion rupiah (around three billion U.S. dollars).
“Investment realisation has reached 41.4 trillion rupiah (around 2.6 billion dollars) in 2023, and added by 6.1 trillion (around 0.4 billion dollars) to date,” said head of the Nusantara Capital City Authority (OIKN), Bambang Susantono, today.
As much as 39.5 trillion rupiah (around 2.5 billion dollars) of the total investment comes from the private sector, while state-owned businesses account for the remaining eight trillion rupiah (around 0.5 billion dollars).
Additionally, the authority has received 350 letters of intent from other countries.
With the institution aiming to realise over 100 trillion rupiah (around 6.3 billion dollars) in investments by the end of this year, Susantono is optimistic that more funding will be forthcoming.
The capital city is still under development, with completion scheduled for 2045, and aims to build a smart, sustainable metropolis.
The first Independence Day celebrations to take place there, will be in Aug.– NNN-ANTARA
