He assured investors there will be continuity in the development of Nusantara. Read more at straitstimes.com.
SINGAPORE - Indonesia’s President Joko Widodo made a strong pitch for investment in the nation’s upcoming new capital Nusantara on Wednesday, days after Singaporean investors visited the site in the first ever roadshow for the city.Indonesia’s new capital has becomewhose drive to modernise the nation’s infrastructure has been a hallmark of his administration.
The conference is being held at the Marina Bay Sands Convention Centre from Tuesday to Thursday, with the focus on ways to speed up green transition. The state will bear 20 per cent of the costs of developing Nusantara, while Indonesia hopes the private sector will foot the rest. And, as the deadline for the inauguration of the first phase draws near, the government is keen to lock in investors.
Last week’s three-day trip, titled Singapore Mission to Nusantara, aimed to help Singapore businesses understand the potential opportunities in Indonesia’s new capital.The visit was a collaboration between different agencies in Indonesia and Singapore, and was a follow-up to the leaders’ retreat between the two countries in March, Indonesia’s Ambassador to Singapore Suryo Pratomo told The Straits Times last week.
In a separate question-and-answer session, Mr Bambang Susantono, chairman of the Nusantara National Capital Authority, said his agency was in the middle of a number of deals involving malls, international hospital brands and housing developments. He added that solar would be the main source of power during the first phase in 2024 and 2025, then hydropower would be added and also gas to stabilise the grid.
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