Finally, in a number of years, Jakarta will relinquish its title because the capital of Indonesia in favor of a brand new location within the province of East Kalimantan.
President Joko Widodo just delivered his national address on the State Palace this afternoon, ending months of speculation concerning the latest location of the nation’s capital. “The most ideal location for the brand new capital is partly within the North Penajam Paser regency and partly within the Kutai Kartanegara regency,” Jokowi said in his speech on the State Palace, accompanied by Vice President Jusuf Kalli, Jakarta Governor Anies Baswedan, East Kalimantan Governor Isran Noor, in addition to ministers.
The two regencies intersect halfway between Balikpapan and Samarinda, the 2 largest cities of East Kalimantan, with the latter being the provincial capital. Jokowi said the brand new location’s proximity to each cities was a significant component in the federal government’s decision since it was possible to make use of existing infrastructure corresponding to airports and the federal government had 180,000 sq m of land. hectares of land.
According to the National Development Planning Council (Bappenas), construction of the brand new capital will begin in 2021, and construction of presidency buildings is predicted to be accomplished in 2024.
The project is predicted to cost as much as $32.3 billion and can be covered by the state budget, the Public-Private Partnership program and personal investment.
