FILE PHOTO: Indonesian President Joko Widodo inspects an area that will be the site of the new capital city, during sunrise in Penajam Paser Utara regency, East Kalimantan province, Indonesia, March 15, 2022. - Reuters
JAKARTA, April 2 (Xinhua): The Indonesian government is looking for investors to finance a huge project for its new capital, Nusantara, with an area covering 256,142 hectares of land on the second-largest island of Kalimantan, bordering Brunei and Malaysia.
The first phase of the project development will be carried out until 2024, Coordinating Minister for Maritime and Investment Affairs Luhut Binsar Pandjaitan said, adding that the project is scheduled to be fully completed on the 100th anniversary of the country's independence in 2045.
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