On 26 August 2019, Jokowi announced that the new capital would be partly in the North Penajam Paser Regency and partly in the Kutai Kartanegara Regency, both in East Kalimantan.  The National Development Planning Ministry announced that the move would cost an estimated Rp466 trillion (32.7 billion) and that the government intended to cover 19% of the cost, the remainder coming mainly from public-private partnerships and direct investment by both state-owned enterprises and the private sector. As of January 2021, the plan is awaiting parliamentary approval, with construction not expected to start until after the COVID-19 vaccination campaign completes in March 2022.