Indonesia spends another $1 billion to build new capital

SGGP 06/12/2023 08:16

To speed up the construction of the new capital Nusantara on Borneo island, the Indonesian Parliament has just approved an additional 15,000 billion rupiah ($1.01 billion).

President Joko Widodo has pledged that the government will only invest 20 percent of the estimated $32 billion cost of the new capital project, with the rest coming from the private sector.

Indonesia will start building its new capital, located 2,000km northeast of Jakarta, from mid-2022 with the aim of creating a futuristic green city with emphasis on forests, parks, food production using renewable energy, smart waste management and green buildings.

Indonesia is now accelerating construction of key administrative buildings in the capital, including the presidential palace and key ministry buildings, with the goal of at least 16,000 civil servants, military and police moving there next year.

Source: https://www.sggp.org.vn/indonesia-chi-them-1-ty-usd-xay-dung-thu-do-moi-post693309.html