Indonesia intensifies search for foreign investors to fund construction of new capital city

A design illustration of Indonesia's future presidential palace in East Kalimantan, as part of the country's relocation of its capital from slowly sinking Jakarta to a site 2,000 kilometres (1,200 miles) away on jungle-clad Borneo island that will be named "Nusantara". - AFP

JAKARTA, June 5 (Xinhua): In the past two weeks, the Indonesian government has been intensively wooing a number of potential investors to finance the construction of its new capital, the Capital City of Nusantara (IKN).

The mega project has been targeted to be completed by 2045.