Jokowi Reaffirms Commitment to $32 Billion Nusantara Mega-Project

Indonesian President Joko Widodo held a cabinet meeting in the new capital, Nusantara, to reassure investors about the $32 billion infrastructure project. Despite delays and lack of foreign investment, Widodo emphasized the project's importance and future prospects. Incoming president Prabowo Subianto pledged continued support for the development.

Indonesian President Joko Widodo convened his first cabinet meeting in Nusantara, the country's planned new capital, seeking to reassure investors about the progress of the $32 billion mega-project. The meeting marks a significant milestone as Widodo prepares to step down later this year.

Nusantara, intended to alleviate pressure on the overcrowded and sinking Jakarta, has faced obstacles such as construction delays and insufficient foreign investment. Despite these challenges, Widodo expressed optimism, highlighting the new capital's strategic importance for equitable development across Indonesia.

Defence Minister and President-elect Prabowo Subianto, also present, confirmed his commitment to continue the project, recognizing its long-term and formidable nature. This underscores the project's significance for the country as it transitions to new leadership.

(With inputs from agencies.)