Capital Moving

The Finance Ministry has announced that

a plan to move the capital from Jakarta was still in its early phases

as the ministry was currently waiting for further details
from the National Development Planning Agency (Bappenas).
discussions in the Cabinet have not reached the point of
measuring how long it would take to build the new capital,

but they have instead focused on
why such a plan was needed -- and

the various criteria the city must meet.


The relocation plan is intended to turn Jakarta into a more livable city and
ensure equal economic growth across Indonesia.
“Bappenas needs to finalize the details, --and then

we will talk about planning and budgeting […]

We currently still do not know the engineering details and the exact location [for the new capital],”

Sri Mulyani on the sidelines of the 52^nd  Asian Development Bank (ADB) annual meeting.

She conceded that the budget needed to build a new capital would be huge.

“When the VP asked  Governor to make a presentation on
how to turn Jakarta into a more livable metropolitan city,

we discovered it would require up to Rp 700 trillion [US$49.29 billion], Rp 500 trillion of which would come from the government. So, that is huge,”.
Despite the enormous budget, it would continue to ensure Indonesia’s financial health.
Bappenas head recently suggested moving the capital 50 to 70 kilometers outside Jakarta
or out of Java completely.
 “We can expedite the process of moving the capital from 10 years to five years.

he said on the sidelines of the ADB annual meeting in Fiji.