Why Indonesia Is Shifting Its Capital From Jakarta

Why Indonesia Is Shifting Its Capital From Jakarta

Kalimantan accounts for 5.8% of the population and contributes 8.2% of GDP.. Authorities have talked about building a modern, smart and green city which can serve as the capital for a century.. The price tag for building a city from scratch to accommodate 1.5 million people is estimated at 466 trillion rupiah ($34 billion).. Indonesia is already splurging, with $350 billion spent of infrastructure projects during Jokowi's first term and another $412 billion planned for the next five years.. While a new capital will typically host government buildings, it's rare to see a large-scale uprooting of private business and the general population.. Other countries in the process of shifting their capitals include Egypt.. To contact the reporters on this story: Thomas Kutty Abraham in Jakarta at [email protected];Arys Aditya in Jakarta at [email protected].