Indonesia pledges US$40 billion to modernise Jakarta ahead of new capital: Minister

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JAKARTA: The Indonesian government is not abandoning Jakarta after announcing plans to move the country's capital, its planning minister said, ...

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

Brodjonegoro said the relocation decision was taken because the government knew the population concentration in Jakarta has to be reduced. 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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