Nusantara is set to replace sinking and polluted Jakarta as Indonesia's political centre by late 2024. PHOTO: AFP
JAKARTA (The Straits Times/Asia News Network): Indonesia is dangling long-term lease concessions in the prime central district in Jakarta – where ministries and government agencies are located – to private investors as a sweetener if they participate in developing Nusantara City, the future administrative capital of Indonesia.
A recent Jakarta governor’s regulation revoked a 2014 law which banned the private sector from using government buildings and land in such lucrative zones, according to two people who know of the plan to issue the concessions.
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