Jakarta will remain as the country’s financial and commercial hub. The government estimated that the project would cost 466 trillion rupiah ($32.16 billion). Just a fifth of the cost is intended to come from the state budget, with the rest coming from private funding.
Will Indonesia move its capital?
Indonesia puts $33 billion move of capital city on hold to tackle pandemic. JAKARTA (Reuters) – Indonesia has put on the backburner President Joko Widodo’s ambitious $33-billion project to relocate the capital city to the island of Borneo as it grapples to rein in the coronavirus pandemic, the planning minister said.
What country is moving its capital due to climate change?
Perspective: Climate Change and the Relocation of Indonesia’s Capital to Borneo. Indonesia has recently announced the relocation of the country’s capital from the island of Java to the island of Borneo.
Is Borneo a part of Indonesia?
Covering an area of roughly 287,000 square miles, Borneo is the third-largest island in the world. It is divided into four political regions: Kalimantan belongs to Indonesia; Sabah and Sarawak are part of Malaysia; a small remaining region comprises the sultanate of Brunei.
Which country has changed its capital the most?
Countries Who Have Changed Capital Cities
Why is Jakarta sinking?
Like many coastal cities around the world, Jakarta is dealing with sea-level rise. But Indonesia’s biggest city also has a unique problem: Because of restricted water access in the city, the majority of its residents have to extract groundwater to survive. And it’s causing the city to sink.