Funding for Indonesia’s new capital

Funding is being secured for the construction of Indonesia’s new capital.
By MJ Woof February 6, 2025 Read time: 1 min
Construction is underway for Indonesia’s new purpose-built capital, Nusantara – image courtesy of © Fuad Abdullah| Dreamstime.com


The necessary funding is being secured for the construction of Indonesia’s new purpose-built capital, Nusantara. The Indonesian Government plans to spend US$3 trillion to develop the second phase of Nusantara’s construction programme. This is around half of the budget set aside for the first phase of the project, which was carried out between 2022 and 2024.

The works are being managed by the Nusantara Capital Authority, which was awarded responsibility for the project by Indonesia’s Public Works Ministry and Housing and Urban Development Ministry.

Construction is being carried out under a series of PPPs, managed by the Nusantara Capital Authority. Six road projects are included amongst the PPPs, as well as a series of infrastructure works for utilities and power supply.

The new capital is being built due to the numerous problems with Indonesia's traditional capital, Jakarta. The city suffers serious traffic congestion and pollution and is also sinking, putting it at risk from climate change.

 

Finance & Funding

Related Content

  • Progress for Trans-Sahara road route
    March 8, 2023
    Progress is being seen for Trans-Sahara road route stretch in Niger.
    Read More
  • EU funds for Polish eastern voivodeships
    February 13, 2024
    The total available under the European Funds for Eastern Poland programme is €2.7 billion of which around €430 million is for roads.
    Read More
  • Belgium considering tolling to pay for roads and tunnels
    January 27, 2016
    Belgium is considering tolling options as a mean to fund necessary road and tunnel developments and upgrades. The Brussels region is expected to spend between €500 million and €1 billion in order to update a series of key tunnel connections, with tolling being considered to raise a part of the funds required. A toll could be applied for the Léopold II tunnel during peak hours. According to Belgian consultancy company Stratec, traffic congestion could be reduced in Brussels by implementing an area charge dur
    Read More
  • Financial close for Louisiana’s Calcasieu Bridge
    August 19, 2024
    Sacyr said that the project is the company’s first transportation infrastructure private-public partnership contract in the US and calls for a total of $2.27 billion in construction investment.
    Read More

Highlighted Content