Indonesian President Joko Widodo said on December 18 that he had ordered his Cabinet to speed up a 32.79 billion USD project to move the capital city from Jakarta to Borneo island so that the new "Silicon Valley"-like city could be ready by 2023, a year earlier than the government's original estimate.
Jakarta (VNA) - Indonesian President Joko Widodo said on December 18 that hehad ordered his Cabinet to speed up a 32.79 billion USD project to move thecapital city from Jakarta to Borneo island so that the new "SiliconValley"-like city could be ready by 2023, a year earlier than thegovernment's original estimate.
In a Facebook post, Widodo said the government would form a new agency tooversee the relocation project next month and it would then officially submit abill backing the move to the parliament.
The leader expressed his hope that the whole process, including the granddesign, can be completed in six months.
The next job will be land clearing and basic infrastructure construction, hesaid.
The 256,000ha site of the capital is on highland overseeing a bay, he said,noting government offices would begin to be built next year and should be readyby 2023.
He said he hopes that the new capital could be the next Silicon Valley due to acluster of research and innovation facilities envisaged for the area.
The President announced in August the government intended to move theadministrative capital to East Kalimantan province, on Borneo, by 2024 torelieve the heavy burden on the current capital Jakarta due to overcrowding andpollution.
Jakarta, the current capital of the world's fourth-most populous country, onthe island of Java, is now home to 10 million people and is sinking due toover-extraction of ground water, as well as being prone to floods and trafficgridlock./.
Indonesia posted its biggest trade deficit in seven months in November, as exports fell more than expected and imports of consumer goods soared ahead of year-end festivities.
Indonesia and the United Arab Emirates (UAE) recently signed many cooperation and business agreements in the fields of energy, agriculture and sovereign wealth fund (SWF).
Indonesia needs over 35.4 trillion Rupiah (2.517 trillion USD) worth of investment to achieve an average economic growth of 6 percent in the next five years, according to the Ministry of National Development Planning (Bappenas).
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