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Indonesia pushes ahead with US$33 billion new capital city despite sputtering, pandemic-hit economy

Indonesia is pressing ahead with plans to build a new capital as billions of dollars in private sector investment is seen as key to reviving an economy battered by the coronavirus pandemic, a senior minister said.President Joko Widodo’s administration is working with the parliament to pass a bill to lay the legal foundation to start work on the US$33 billion new capital on the island of Borneo, Planning Minister Suharso Monoarfa said. It is also finalising a master plan for the new city, he…

Read the original article at South China Morning Post

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