“The Nusantara Project in Progress: Risks and Challenges”

By Siwage Dharma Negara and Neo Hui Yun Rebecca, ISEAS – Yusof Ishak Institute,  ISEAS Paper: 2024/59, Singapore

(Excerpt)

..Despite all the good reasons stated by the government, many stakeholders are unsure about the future of the project. The resignation of the Head of Nusantara Capital City Authority (OIKN), Bambang Susantono and his deputy, Dhony Rahajoe has fueled uncertainty particularly among foreign investors, with some wondering if there could be potential disruptions to the construction phases.[2] Moreover, Jokowi’s recent decision to postpone his move to IKN due to a lack of utilities infrastructure to supply clean water and electricity signals that it is not reasonable to expect the completion of IKN to be on time.[3]

This paper provides an update on the IKN project and examines the progress of key developments in the core areas, highlighting the challenges faced during the construction stages. This paper will also elaborate on the potential risks going forward, especially in light of the IKN senior executives’ resignations. (Read the whole paper at https://www.iseas.edu.sg/articles-commentaries/iseas-perspective/2024-59-the-nusantara-project-in-progress-risks-and-challenges-by-siwage-dharma-negara-and-neo-hui-yun-rebecca/)

https://www.iseas.edu.sg/articles-commentaries/iseas-perspective/2024-59-the-nusantara-project-in-progress-risks-and-challenges-by-siwage-dharma-negara-and-neo-hui-yun-rebecca/

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NAATI Certified Translators het kasteel van batavia
Het kasteel van Batavia by Andries Beeckman, ca. 1661

Featured image credit: Castle Of Batavia Mural Wallpaper by Piet Hein Eek based on Het kasteel van Batavia by Andries Beeckman, ca. 1661.

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