Indonesia pledges $40 billion to modernize Jakarta ahead of new capital: minister

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Indonesia pledges $40 billion to modernize Jakarta ahead of new capital: minister
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The Indonesian government is not abandoning Jakarta after announcing plans to mo...

JAKARTA - The Indonesian government is not abandoning Jakarta after announcing plans to move the country’s capital, its planning minister said, pledging to spend $40 billion to save the slowly sinking city in the next decade.

“Jakarta is the center of everything in Indonesia. What we are moving out of is the center of administration, but finance , businesses and trades will stay,” Brodjonegoro said. The government expects to begin moving to the new capital city in the East Kalimantan province in 2024. The over extraction makes Jakarta prone to floods and sinking due to subsidence. Rising sea levels aggravated the sinking with some part of the city dropping as much as 11 inches a year, making Jakarta the fastest sinking city of its size globally.

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