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Jakarta Post

Capital city relocation and govt property management

  • Rahmat Irawan

Jakarta   /   Wed, February 5 2020   /  01:35 am
For sale: The Youth and Sports Ministry building on Jl. Gerbang Pemuda in Senayan, Central Jakarta, sits on state property under the auspices of the State Secretariat. The government is considering selling state assets to help fund the capital city’s relocation to East Kalimantan. (JP/Dhoni Setiawan)(JP/Dhoni Setiawan)

For sale: The Youth and Sports Ministry building on Jl. Gerbang Pemuda in Senayan, Central Jakarta, sits on state property under the auspices of the State Secretariat. The government is considering selling state assets to help fund the capital city’s relocation to East Kalimantan. (JP/Dhoni Setiawan)The government has decided to relocate its capital city from Jakarta to East Kalimantan. The whole development is estimated to cost Rp 460 trillion (US$32.8 billion), of which about 20 percent is expected to be financed by the proceeds from asset optimization, particularly from property surplus in Jakarta. Currently, the unaudited total value of the central government’s fixed assets located in Jakarta is Rp 1.4 quadrillion.Leading practices in public asset management adopt a centralized approach, particularly for general purposes assets, such as office buildings. The centralized approach...