Indonesian Political, Business & Finance News

Archive: 22 May 2024

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Indonesia Relocates Capital to Sustainable Nusantara: A Green City Vision Amid Environmental Challenges

Indonesia is relocating its capital from the rapidly sinking Jakarta to a newly constructed sustainable city, Nusantara, on Borneo's eastern coast, with completion targeted for 2045 at an estimated cost of $35 billion. The project addresses Jakarta's severe subsidence (40% now below sea level) and rising flood risks whilst embodying President Joko Widodo's vision for a green, entirely renewable-powered metropolis featuring solar plants and electric vehicles. This relocation represents a pioneeri