Indonesian president unveils site of new capital on Borneo island
JAKARTA - Indonesia on Monday revealed the long-awaited site for its new $33-billion capital on the forested island of Borneo to replace the crowded, polluted megacity of Jakarta, which is slowly sinking into the sea.
The as-yet unnamed new capital will straddle the regions of North Penajam Paser and Kutai Kartanegara in Indonesia’s province of East Kalimantan on Borneo, President Joko Widodo told a news conference. There are also economic and political reasons for moving the capital from Java, which Widodo said was home to 54% of Indonesia’s 260 million people and generated 58% of its gross domestic product.
Widodo said moving the administrative center would cost just under $33 billion, of which the state would fund 19%, with the rest coming from public-private partnerships and private investment. The price tag includes new government offices and homes for about 1.5 million civil servants.
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