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View all search resultsThe draft bill outlines Jokowi’s Rp 466 trillion (US$32.5 billion) project to relocate the nation’s capital to East Kalimantan, a move the President has said seeks to bring more equitable economic development across Indonesia.
A study conducted by the National Development Planning Agency (Bappenas) estimates that Indonesia needs to invest Rp 77 quadrillion (US$5.45 billion) to achieve its target of net-zero carbon emissions by 2060.
Those looking for a subsidized home – the only type of property affordable to most Indonesians – must look further and further away from the city as prices rise in urban centers. And that's a big problem, experts say.
House of Representatives Deputy Speaker Sufmi Dasco Ahmad confirmed on Thursday that the House leadership had obtained the presidential letter confirming the handover of the new capital city bill and that legislators will start work on it once they return from recess in November.