Frequent question: How much will it cost to relocate Jakarta?

Indonesian President Joko Widodo announced the move in 2019, but some analysts have adopted a wait-and-see attitude, as the endeavor would be mammoth and require substantial political will. The project is slated to cost $32 billion.

How much will it cost to move Jakarta?

The move will cost an estimated 466 trillion rupiah ($32.4bn; £23.8bn) and will be one of the biggest infrastructure projects the Indonesian government has ever undertaken.

Is Jakarta going to move to Kalimantan?

Under the project, Jakarta will remain the country’s commercial and financial centre, but government administrative functions will move to East Kalimantan, about 2,000km (1,250 miles) north-east of Jakarta. The new capital will be based in the regions of North Penajam Paser and Kutai Kartanegara.

Is Jakarta relocating?

Indonesia’s capital is set to be moved from Jakarta on Java to a different island deep within the jungle after parliament approved a new bill. The name of the new capital will be Nusantara, which translates as “archipelago”, and was chosen by the country’s president Joko Widodo.

Where is Jakarta being relocated to?

Indonesia’s parliament has passed a bill to relocate the nation’s capital from Jakarta to a jungled area on Borneo island. The new state capital law, approved on Tuesday, provides a legal framework for President Joko Widodo’s ambitious $32.5bn megaproject and stipulates how its development will be funded and governed.

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Is Jakarta sinking?

The land surface is sinking while the sea is rising

The latest study from IPB University in West Java, Indonesia, showed various areas in Jakarta were at risk of sinking between 1.8cm and 10.7cm per year during 2019 and 2020. … While the capital’s land surface is sinking, the sea is rising.

Will Indonesia move its capital?

On January 18, 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 project is Indonesia’s biggest and is estimated to cost more than $30 billion.

Is Jakarta moving to Borneo?

Indonesia’s parliament has approved a bill to relocate the nation’s capital from Jakarta to a jungled area of Kalimantan on Borneo island, the planning minister said on Tuesday.

Why Indonesia’s capital Jakarta is sinking?

It has been described as the world’s most rapidly sinking city, and at the current rate, it is estimated that one-third of the city could be submerged by 2050. The main cause is uncontrolled ground water extraction, but it has been exacerbated by the rising Java Sea due to climate change.

What is the new capital city of Indonesia?

Indonesia passed a bill replacing its capital Jakarta with East Kalimantan, situated to the east of Borneo island. The new capital city of the country will be called Nusantara.

Where is Nusantara located?

Located on the east coast of Borneo island in what is currently part of the province of East Kalimantan, the city is expected to encompass an area of 2,560 km², featuring hilly landscape, forest, and a bay.

Nusantara (proposed city)

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Nusantara
Time zone UTC+08:00 (Indonesia Central Time)
Area code (+62) 542
Website ikn.go.id

Why is Jakarta being relocated?

In the early 20th century, the Dutch East Indies government attempted to relocate the capital from Batavia to Bandung. … The plan is part of a strategy to reduce developmental inequality between Java and other islands in the Indonesian archipelago and to reduce Jakarta’s burden as Indonesia’s primary hub.

Why is Jakarta moving to Borneo?

“The new capital has a central function and is a symbol of the identity of the nation, as well as a new center of economic gravity,” Planning Minister Suharso Monoarfa said to parliament after the bill’s approval, the Reuters news agency reported. …