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 – 80 percent of it – 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 — Der Spiegel
Earlier this year, Maria Stöhr and Muhammad Fadli reported on 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 "The World's Sustainable City" with plans for "smart security." While the architect of the "Smart Forest City", 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.
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