2024-06-02T14:42:02-04:00 https://archinect.com/news/article/150426754/a-utopic-city-monument-to-a-president-s-ego-maybe-just-a-future-jungle-resort Nam Henderson 2024-05-08T11:58:00-04:00 >2024-05-08T12:31:12-04:00 <img src="https://archinect.gumlet.io/uploads/fc/fce9c2d3a17804796e099262fbfe195c.jpg?fit=crop&auto=compress%2Cformat&enlarge=true&w=1200" border="0" /><em><p>It is estimated that the construction of Nusantara will cost $38 billion, with 20 percent of that coming from the Indonesian coffers...But the vast majority of the metropolis &ndash; 80 percent of it &ndash; is to be financed by private investments. Everything that actually makes a city a city...And that is currently where the greatest hurdles lie: The investors are not showing up</p></em><br /><br /><p>Earlier this year, Maria St&ouml;hr and Muhammad Fadli reported on&nbsp;Indonesia's plans for a new capital city. This mega-project is more than just a city but a new capital region. It is billed as "<a href="https://www.ikn.go.id/en" target="_blank">The World's Sustainable City</a>" with plans for "<a href="https://www.ikn.go.id/storage/regulasi/law-number-3-2022-english.pdf#page=91&amp;zoom=auto,-266,923" target="_blank">smart security</a>." While the architect of the "<a href="https://www.instagram.com/sibaranisofian/p/C3W8AqJvMLg/?hl=en&amp;img_index=6" target="_blank">Smart Forest City</a>", Sibarani Sofia, admits they would have preferred a more modest design (the palace in the shape of an eagle was already baked in) some have raised economic and environmental concerns.<br></p>