Indonesian President Joko Widodo (third from left) inspects Bukit Soeharto Tahura area in East Kalimantan province (Photo: AFP/VNA) Jakarta (VNA) –Indonesian Coordinating Minister for Maritime Affairs andInvestment Luhut Binsar Pandjaitan has called on Singaporean investors to invest in a numberof sectors in the country'snew capital city in East Kalimantan province.
Indonesiaintends to develop a green capital city in the province so investment opportunities are open toinvestors from Singapore, he said while addressing the Pulseof Asia Conference 2020 organised by Bank DBS in Singapore on January 9.
In the new capital, Indonesiaplans to build complete heath facilities with best doctors and develop schoolsand universities to narrow the gap in educationbetween western and eastern Indonesia in terms of quality, he said.
He unveiled that thegovernment of Indonesia is crafting two bills concerning the creation of jobopportunities and taxation to facilitate foreign investors in infrastructuredevelopment.
On August 26, President Joko Widodo announced thathe had picked East Kalimantan on Borneo island as the location for Indonesia'snew capital.
The most ideal location forthe new capital is partly in North Penajam Paser regency and partly in KutaiKartanegara regency, which are near Balikpapan, he said.
Widodo said moving thecapital would cost 466 trillion rupiah (32.79 billion USD), of which the statewould fund 19 percent, with the rest from public-private partnerships andprivate investment.
Indonesia’s new capital wouldbe designed as a sustainable smart city, which has an efficient publictransport network as well as green electricity and water supply systems.
Jakarta is now home to 10 million people and is sinkingdue to over-extraction of ground water, as well as being prone to floods andtraffic gridlock.
Traffic congestion is costingits economy 7.04 billion USD each year.
The metropolitan region issinking up to 18cm per year. Its road coverage is much lower than that of otherbig cities, creating a near-permanent traffic jam./.
Indonesiaintends to develop a green capital city in the province so investment opportunities are open toinvestors from Singapore, he said while addressing the Pulseof Asia Conference 2020 organised by Bank DBS in Singapore on January 9.
In the new capital, Indonesiaplans to build complete heath facilities with best doctors and develop schoolsand universities to narrow the gap in educationbetween western and eastern Indonesia in terms of quality, he said.
He unveiled that thegovernment of Indonesia is crafting two bills concerning the creation of jobopportunities and taxation to facilitate foreign investors in infrastructuredevelopment.
On August 26, President Joko Widodo announced thathe had picked East Kalimantan on Borneo island as the location for Indonesia'snew capital.
The most ideal location forthe new capital is partly in North Penajam Paser regency and partly in KutaiKartanegara regency, which are near Balikpapan, he said.
Widodo said moving thecapital would cost 466 trillion rupiah (32.79 billion USD), of which the statewould fund 19 percent, with the rest from public-private partnerships andprivate investment.
Indonesia’s new capital wouldbe designed as a sustainable smart city, which has an efficient publictransport network as well as green electricity and water supply systems.
Jakarta is now home to 10 million people and is sinkingdue to over-extraction of ground water, as well as being prone to floods andtraffic gridlock.
Traffic congestion is costingits economy 7.04 billion USD each year.
The metropolitan region issinking up to 18cm per year. Its road coverage is much lower than that of otherbig cities, creating a near-permanent traffic jam./.
VNA
