Potential Funding From Asian Infrastructure Development Bank of the Development of Nusantara Capital

Tuesday, 6 May 2025

The Deputy of Funding and Investment of Nusantara Capital City (OIKN) Agung Wicaksono stated that after the meeting with the President of the Asian Infrastructure Investment Bank (AIIB) Jin Liqun on 11 March 2025, there is an indication of potential US$1 billion or equal to Rp15.45 trillion (assumed exchange rate of Rp16,453/US$) funding to support the development of strategic infrastructure construction in Nusantara. Previously, the first phase of IKN construction comprising the development of the ecosystem of IKN in KIPP 1S area is planned to be completed in June 2025.

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