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Jakarta Post

4 cities to be transformed into major metropolises in new plan to improve economic equality

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PREMIUM
  /   Mon, February 10, 2020   /  09:06 am
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City of Penajam District Penajam Paser Utara, East Kalimantan(JP/I Gede Dharma JS)

In addition to building a new capital, the government plans to transform four regional cities into major metropolises with the goal of spreading economic activity beyond the busy island of Java and fostering new economic powerhouses, a minister had said. National Development Planning Minister Suharso Monoarfa said the capital relocation would boost investment in East Kalimantan by 47.7 percent. East Kalimantan’s regional domestic product is expected to grow by 7.3 percentage points (ppt) and the multiplier effect is expected to contribute an extra 0.6 ppt to nationwide GDP. Read also: New capital city to contribute little to Indonesia's economic growth: Indef Aside from the capital relocation, the government has also set its sights on transforming four regional cities into major metropolises, namely Palembang in South Sumatra, Banjarmasin in South Kalimantan, Makassar ...