Jakarta, Feb. 15 -- The construction of Indonesia's new capital city (IKN) Nusantara in North Penajam Paser, East Kalimantan, continues to make progress, reaching 71.47 percent for phase I so far.

The work to build the Presidential Palace and ceremony grounds, as part of the phase I of infrastructure construction, is 54.07-percent complete.

According to data from the Nusantara Capital Authority (OIKN), as of January 2024, four phases of groundbreaking have been agreed upon.

The first phase of groundbreaking was carried out on September 21-23, 2023, with an investment value of Rp22.90 trillion (around US$1.46 billion), for the construction of a hotel, a hospital, an international football training center, and a multifunction building. ...