Capital

Indonesia To Crowdfund New Capital

Indonesia has suggested crowdfunding the relocation of the country’s capital after a major investor declined to back the US$32 billion project, prompting ridicule from critics and questions about ownership of the planned city.The unorthodox proposal came to light on Monday when the head of the government agency behind the plan told local media the option is being explored after Japan’s SoftBank Group Corp opted not to invest in the project.

29 March 2022
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Nusantara To Become Indonesia’s New Capital

Indonesia's parliament on Tuesday passed a law approving the relocation of its capital from slowly sinking Jakarta to a site 2,000 kilometres (1,200 miles) away on jungle-clad Borneo Island that will be named "Nusantara".The House of Representatives vote provides the legal framework for the move, which was first tipped by President Joko Widodo in April 2019, citing rising sea levels and severe congestion on densely populated Java Island.The president chose the new city’s name –

19 January 2022
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Indonesia to move capital to Borneo

Indonesia will move its capital to the eastern edge of jungle-clad Borneo island, President Joko Widodo said Monday, as the country shifts its political heart away from congested and sinking megalopolis Jakarta.The proposed location – near the regional cities of Balikpapan and Samarinda – is an area at "minimal" risk of natural disasters, where the government already owns some 180,000 hectares (445,000 acres) of land, he added."The location is very strategic – it's in the

27 August 2019
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