Tag: new city
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Indonesia Faces Challenges with $33 Billion Capital Relocation to Nusantara Amid Investor Withdrawals and Construction Delays
Indonesia’s ambitious $33 billion plan to relocate its capital from Jakarta to Nusantara in Borneo is facing significant challenges. Jakarta, the current capital, is sinking rapidly, with predictions stating about a third of the city could be underwater by 2050. Nusantara, promoted as a modern, environmentally sustainable city, aims to alleviate Jakarta’s congestion and environmental…