double-skinned crabsVietnamese crab exportergood crabexellent crab

Prabowo to Continue Nusantara Development with $3 Billion Budget Until 2029

Ricki Putra Harahap
February 4, 2025 | 3:29 am
SHARE
President Prabowo Subianto, center, leads a meeting discussing the development of the new national capital Nusantara at the presidential office in Jakarta, Wednesday, Jan. 22, 2025. (Photo courtesy of Nusantara Authority)
President Prabowo Subianto, center, leads a meeting discussing the development of the new national capital Nusantara at the presidential office in Jakarta, Wednesday, Jan. 22, 2025. (Photo courtesy of Nusantara Authority)

Jakarta. President Prabowo Subianto has confirmed that his administration will continue the development of the new national capital, Nusantara, in East Kalimantan, a project initiated by his predecessor Joko "Jokowi" Widodo, a senior official said on Monday.

While Jokowi made Nusantara a key part of his legacy --spending his final weeks in office at the half-finished presidential palace -- his successor has shown less enthusiasm for the project, prioritizing his flagship free nutritious meal program for school-aged children instead.

Prabowo has not visited Nusantara since taking office in October.

The current administration has allocated Rp 48.8 trillion ($3 billion) for Nusantara’s development through 2029, with a focus on constructing legislative and judiciary buildings, according to Agus Harimurti Yudhoyono, the Coordinating Minister for Infrastructure and Spatial Development.

ADVERTISEMENT

“The president has confirmed that the Nusantara project will continue, with a budget of Rp 48.8 trillion allocated from 2025 to 2029,” Agus said after a meeting with Prabowo at the State Palace in Jakarta.

With the State Palace and the Garuda Palace already completed, the government is shifting its focus to constructing Parliament and judiciary facilities, he added.

Agus acknowledged that Prabowo’s administration is prioritizing food and energy self-sufficiency over the next five years but stressed that infrastructure development remains a key agenda.

“This does not mean infrastructure development is secondary,” he said.

Early estimates indicate that Indonesia needs $33 billion for the full capital relocation from Jakarta to Nusantara. However, the government plans to cover only 20 percent of the total cost, with the remainder expected to come from private sector investments.

Meanwhile, Nusantara Authority Chairman Basuki Hadimuljono recently said that President Prabowo is scheduled to begin working from Nusantara on August 17, 2028, coinciding with Indonesia’s 83rd Independence Day celebrations.

Tags: Keywords:
Google Add Investor.id as a preferred source on Google +
SHARE

Related Articles


News 3 hours ago

Prabowo Calls Meeting on Forest Fires as Haze Reaches Jakarta, Singapore

Prabowo summons senior officials to discuss forest fires as smoke reaches Jakarta and Malaysia pushes for regional action.
News Oct 18, 2026 | 1:47 pm

Books on Prabowo's Ideas Distributed Free at Jakarta Car-Free Day

Prabowo, who took office on Oct. 20, 2024, will mark the second anniversary of his presidency on Tuesday.
Business Oct 16, 2026 | 7:56 am

Two Years Into Prabowo Presidency, Infrastructure Takes Back Seat

Prabowo’s social spending push raises concerns over infrastructure delays and uneven growth beyond Java.
Business Oct 11, 2026 | 3:36 pm

Prabowo, Egypt’s Sisi Talk Trade Pact for $5 Billion Commerce

Egypt's Sisi tells Prabowo that he wants to see annual trade to reach $5 billion by 2030 as Jakarta seeks tariff deals.
News Oct 10, 2026 | 8:40 pm

Egypt's Sisi Arrives in Indonesia for Talks With Prabowo

Egyptian President Abdel Fattah el-Sisi arrives in Indonesia for talks with Prabowo Subianto to strengthen strategic ties.
Business Oct 8, 2026 | 9:40 am

Prabowo to Launch Indonesia’s First Electric Vehicle Battery Export

Indonesia is set to export its first electric vehicle batteries as Prabowo launches a $10.2 billion industrial program.
Business Oct 7, 2026 | 2:06 pm

Bahlil Signals More Ministries May Join New Downstream Coordination

Bahlil signals one or two more ministries could join the new downstream coordination, with the Industry Ministry among those considered.
News Oct 5, 2026 | 10:23 am

Prabowo to Inaugurate Six New Military Commands on TNI Anniversary

Prabowo will inaugurate six new military commands and dozens of other units as Indonesia’s TNI marks its 81st anniversary.
Business Oct 2, 2026 | 8:05 am

Big Spending, Limited Revenue: Economists Question Prabowo’s Economic Strategy

Prabowo’s flagship programs face scrutiny as rising spending, weak job creation and deindustrialization threaten Indonesia’s growth.
News Oct 1, 2026 | 2:00 pm

Breaking: Prabowo Reportedly Set to Reshuffle Energy, Foreign Affairs Ministerial Posts

Prabowo reshuffles energy and foreign affairs portfolios as Bahlil and Sugiono are set for new roles in his seventh cabinet reshuffle.

The Latest


Special Updates 46 minutes ago

Chandra Asri Group Receives Trade Finance Excellence Award, Reinforcing Its Role in Indonesia’s Industrial Development

Chandra Asri Group receives the Trade Finance Excellence Award at CIMB Niaga Business Summit 2026.
Special Updates 1 hours ago

AEON MALL Deltamas Brings 11 Sports and Creative Competitions to AEONLYMPIC 2026

AEON MALL Deltamas hosts AEONLYMPIC 2026, featuring 11 sports and creative competitions, with more than 3,100 participants.
Business 2 hours ago

Indonesian Stocks Extend Losses for Third Day, Fall 3.64% to 4,996

Indonesian stocks fell 3.64% on Monday, extending losses for a third straight session amid MSCI concerns and tighter trading limits.
News 3 hours ago

Prabowo Calls Meeting on Forest Fires as Haze Reaches Jakarta, Singapore

Prabowo summons senior officials to discuss forest fires as smoke reaches Jakarta and Malaysia pushes for regional action.
Lifestyle 5 hours ago

Jakarta Outranks Amsterdam in Global Public Transport Survey

Jakarta climbs two places to 15th in Time Out's 2026 public transport survey, with its governor citing better network integration.
COPYRIGHT © 2026 JAKARTA GLOBE. ALL RIGHTS RESERVED