Indonesia pledges $40 billion to modernise Jakarta ahead of new capital - minister


  • World
  • Thursday, 29 Aug 2019

FILE PHOTO: AA general view shows the capital Jakarta, Indonesia, May 2, 2019. REUTERS/Willy Kurniawan/File Photo

JAKARTA (Reuters) - 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.

The current Indonesian capital will undergo a 571 trillion rupiah (£32.73 billion or $40.18 billion) urban regeneration in the next 10 years, more than the $33 billion expected cost to build a new capital city on Borneo island, Bambang Brodjonegoro told Reuters in an interview.

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