How is the progress of the construction of the new capital? Indonesian President calls for seizing the "golden opportunity" to relocate capital | capital | Indonesia
Due to the increasingly severe problems of congestion and pollution in the capital Jakarta, Indonesia decided to relocate its capital in January last year. How has the construction of the new capital progressed over the past year?
△ CCTV Finance's "First Time" Program Video
At present, the construction of the new capital is in full swing in East Kalimantan Province, Indonesia.
The Indonesian parliament passed a bill in January 2022 approving the relocation of the capital. The planned area of the new capital Nushantara is 180000 hectares, with an investment of approximately 32 billion US dollars. Approximately 20% of the funds will come from the government budget, while the remaining 80% will be raised through public-private partnerships, as well as private enterprise and individual investments.
As large-scale investment has not yet been attracted, Indonesian President Joko called on the outside world on the 7th to maintain confidence in the opportunities for the construction of the new capital.
Indonesian President Joko: So I suggest everyone not to wait too long, not just sit and watch. This is a golden opportunity for Indonesia, and all of you can participate.
Zoko stated that after the Indonesian general election in February 2024, regardless of who takes over as president, national policies will remain consistent. According to the plan, the development of the new capital will be divided into five stages, and the construction process is expected to continue until 2045.
The current capital of Indonesia, Jakarta, has a permanent population of over 10 million, and the "big city disease" is becoming increasingly severe. Compared to Jakarta, the construction of a new capital in East Kalimantan Province is expected to drive the development of central Indonesia and solve the problem of uneven development in the region. In addition, the risk of disasters such as floods, earthquakes, and tsunamis in the region is also relatively low.