Capital still coming in
The Nusantara Capital Authority says 67 private investors have committed Rp74.54 trillion, or about US$4.56 billion, to the new capital. Basuki Hadimuljono, head of the authority, gave the figures in Sepaku, North Penajam Paser, during talks with Central Java officials. He said financing for Nusantara combines private investment, the state budget, public-private partnerships and grants.
The authority also said public-private partnership projects now stand at Rp134.22 trillion, or about US$8.21 billion. Basuki added that every investor is welcome. He said fiscal incentives will be available if Central Java becomes a partner of the authority. That signals a broader effort to widen the pool of support around the project.
A wider pitch for Nusantara
The latest figures matter because the authority is no longer pitching only land and buildings. It is also seeking cooperation in goods and services procurement, human capital development, the creative economy and tourism. That broader approach matters for Nusantara investment because it ties capital to activity, not just assets. For investors, that can improve the case for long-term returns.
The meeting itself also carried a political signal. Central Java Governor Ahmad Luthfi and district leaders attended the discussions on collaboration and investment opportunities. The presence of regional officials underlines the authority’s push for wider interregional partnerships.
The project has long depended on a mixed funding model. The current message is that private capital remains central, but the state is also using partnerships and incentives to keep momentum.
For investors, the near-term question is not whether Nusantara still attracts interest. It is whether the authority can convert commitments into faster delivery and broader economic use. Watch for follow-up deals, new PPP awards and regional partnerships that deepen the project’s bankability.
