The candidates are Research and Technology Minister Bambang Brodjonegoro, Wijaya Karya President Director Tumiyono, Pertamina President Commissioner Basuki "Ahok" Tjahaja Purnama and Banyuwangi Regent Azwar Anas.
"We have a lot of canidates. First, Pak Bambang Brodjonegoro. Second, Pak Ahok, Third, Pak Tumiyono. Fourth, Pak Azwar Anas," President Jokowi told reporters here on Monday, March 2, 2020.
Jokowi said that the presidential regulation on the authority agency would be issued in the near future. He added that the leader of the authority agency would be announced next week.
Out of Rp466 trillion needed to develop the new capital, Rp90 trillion will be sourced from the State Budget (APBN), Rp120 trillion will be sourced from the private sector, and the remaining will be sourced from Government and Business Entities Cooperation (KPBU) scheme.
The Government expects to carry out soft groundbreaking by the end of this year or in early 2021. The real construction works will begin afterwards and if everything goes as planned the new city will be able to function as the new capital at the first half of 2024.