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Indonesia’s Parliament approved a Bill to relocate the country’s capital. Indonesia will move its capital from Jakarta to a new city to be built on the island of Borneo. The city named Nusantara is being built in the forested province of East Kalimantan, some 2,000 km northeast of Jakarta across the Java Sea. The decision followed growing concerns about the long-term sustainability of Jakarta. The project is Indonesia’s biggest and is estimated to cost more than $30 billion. It has, however, has
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Indonesia's President Joko Widodo wants to cement his legacy with this megaproject of moving the country's capital to Nusantara from Jakarta. But on the ground its fate seems uncertain. Click here for an in-depth look into the delay-plagued city https://bloom.bg/3WLfHxq | Bloomberg Asia
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