Jakarta, Jan. 26 -- The development of Indonesia's new capital, Nusantara, is right on track, the chairperson of the People's Consultative Assembly (MPR), Ahmad Muzani, said.

"The development of Nusantara is on track for it to become the government center by 2028," Muzani said here on Saturday while commenting on the government's allocation of Rp48.8 trillion (around US$2.98 billion) to advance the development of the new capital.

As instructed by President Prabowo Subianto, the budget will be allocated to complete the legislative and judiciary complexes and the city's supporting ecosystem, as well as to commence the second phase of Nusantara City.

According to Muzani, the development progress is expected to eliminate investor doubts ab...