New Indonesian capital to be in Jungle?
Published: 10:59 PM, 18 August 2019
Indonesia’s president wants to spend at least $30 billion to move the capital to a forest on the island of Borneo.
The proximate trigger is climate change – Jakarta is sinking into the sea. President Joko Widodo is planning a giant wall to keep big waves out, but global warming presents a clear danger to low-lying cities.
After analyzing 393 cyclone-vulnerable coastal cities in 31 countries, World Bank economists have concluded that 40% of the damage from storm-surge catastrophes would fall on three Asian cities — Jakarta, Manila and Karachi, Pakistan.
That’s why, Widodo wants to move to the province of Kalimantan in Borneo, an island Indonesia shares with Malaysia and Brunei.
The private sector and financial center will remain in metropolitan Jakarta, a megalopolis teeming with 30 million people. Yet in practice, the relocation will be a big prize for the private sector, with everything from real-estate development, urban gas supply, hospital management and many others up for grabs.
The move is planned to start around 2024. Source: Washington Post
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