Indonesia hopes development of new capital will restart next year, investors still keen: Planning minister

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Indonesia hopes development of new capital will restart next year, investors still keen: Planning minister
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JAKARTA: Indonesia hopes the development of its new capital will restart next year, the minister in-charge of national development planning said ...

However, National Development Planning Minister Suharso Monoarfa expressed optimism that the construction of the new capital would begin once COVID-19 is contained in Indonesia.

r that the capital would move from heavily congested Jakarta to the underdeveloped districts of Penajam Paser Utara and Kutai Kartanegara in East Kalimantan province.The plan to relocate the capital was considered necessary as megacity Jakarta, a city of 10 million people, has for years been battling with traffic congestion which costs US$7 billion in economic losses each year.

“The detailed plan will follow, then we will include basic infrastructure works in cities that will support the future capital of the country, for example, Balikpapan, Samarinda,” he said.

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