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[News] Indonesia Will Move Its Capital
Posted at: 26 August 2019


Indonesia plans to move its capital to Borneo island from Jakarta, a crowded, polluted city on the north coast of Java island which is slowly sinking, the president said on Monday.

President Joko Widodo said it was urgent that relocation plans commence, although the capital would not physically begin to be relocated until 2024.

The new capital, which does not yet have a name, would be located in Borneo's East Kalimantan province, near the existing Samarinda City and the port city of Balikpapan, important for coal and oil shipments.

Indonesia plans to move its capital to Borneo island from Jakarta, a crowded, polluted city on the north coast of Java island which is slowly sinking, the president said on Monday.

President Joko Widodo said it was urgent that relocation plans commence, although the capital would not physically begin to be relocated until 2024.

The new capital, which does not yet have a name, would be located in Borneo's East Kalimantan province, near the existing Samarinda City and the port city of Balikpapan, important for coal and oil shipments.

he government will submit a bill, and the result of a feasibility study, to parliament soon to obtain approval for the new capital, Widodo said. Planning Minister Bambang Brodjonegoro said land acquisition would start in 2020.


(source: CNBC)