Hanoi (VNA) – Indonesia will speed up the infrastructureconstruction of its future capital city (IKN) Nusantara to attract moreinvestors, said Indonesian Minister of Public Works and Public Housing BasukiHadimuljono.

He said that following directions of President Joko Widodo, theIndonesian government will focus on working on land development projects androad construction from January 2023.

In the second quarter, the leader wants to inviteinvestors to the new capital to offer which neighborhoods to be used forbuilding hospitals and other facilities, Basuki said

Basuki said that he had held a limited meeting to discussthe financing of the new capital project, including the financing of the IKNAuthority Agency with its investment in basic infrastructure.

Basuki said that after the "market sounding for"the IKN project by the President, many investors are interested. Areas 1Band 1C will be the first focus of land development and the construction ofaccess roads - not only in the Central Government Core Area (KIPP) 1A.

Earlier on November 3, Basuki had a discussion with Ministerof Finance Sri Mulyani Indrawati regarding the proposed budget needs for theacceleration of the development of the Indonesian Capital City (IKN) in 2023amounting to 12.7 trillion Rp (about 770 million USD)./.