Indonesian president has decided to move the capital out of Java

[katarabhumi]

Three Countries Offer to Design Indonesia's New Capital City
5 January 2020 12:00 WIB

The design of the Field and Monument of Pancasila for the Ideas, Plans and Criteria Designs of the Capital City. Photo: The Public Works and Public Housing Ministry

TEMPO.CO, Jakarta - The United States, China, and Japan have offered their help in finalizing the design of the new capital city, the Public Works and Housing Minister Basuki Hadimuljono has said. The final design of the new capital city would still use the basic design of the winner of the design contest, Hadimuljono said on Friday.

"The basic design by the winner of the contest will become the basis because the Indonesian element is there," he said after the meeting with the Coordinating Minister for Maritime and Investment Luhut Binsar Pandjaitan and winners of the design contest for the country’s new capital city in East Kalimantan.

The meeting has also discussed the possibility of involving foreign consultants to finalize the design.

Some countries have tasked their consultants to help Indonesia design the new capital city, Pandjaitan disclosed in the meeting.

"This would be bilateral cooperation," he said, adding that the help would be provided in the form of grants.

Winners of the design contest will also share their advice in the final design.

The Public Works and Housing Ministry had announced the "Nagara Rimba Nusa" design as the winner of the contest for the new capital city in East Kalimantan.

The design beat 755 other contestants to win a prize of Rp2 billion.

The ministry also announced four other runners-up namely The Infinite City, A Thousand Furrows, The Emerald of the Equator and The Village of the People of the Archipelago.

Despite being the winner, the "Nagara Rimba Nusa" design would not be used as the sole basis for the new capital. The government would collaborate with the top three contestants as well as international designers.

ANTARA

https://en.tempo.co/read/1291269/three-countries-offer-to-design-indonesias-new-capital-city

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[mejikuhibiu]

Govt have choice the design..the theme is rimba nusantara or else im forgot the detail.. if we need cooperate with other nation its better to US or Japan..

 

[katarabhumi]

BlackRock wants to fund Indonesia's $33bn new capital: minister
Asset manager weighs joining investment planned by Tony Blair and Masayoshi Son

ERWIDA MAULIA, Nikkei staff writer
February 29, 2020 00:31 JST

JAKARTA -- U.S. asset manager BlackRock looks to join a fund planned by SoftBank Group chief Masayoshi Son and former British Prime Minister Tony Blair to develop Indonesia's new capital city, the country's investment minister said Friday.

Luhut Binsar Pandjaitan, the coordinating minister for investment, told reporters of the fund -- and the opportunity for other investors to join -- after Blair and Son held a two-hour meeting with Indonesian President Joko Widodo at the presidential palace in Jakarta on Friday.

"They [Blair and Son] want to give, prepare a fund for us to enter. But we also open opportunities for others to invest there," Pandjaitan said.

The minister noted BlackRock's interest in joining, and said the U.S. International Development Finance Corp. might wish to participate as well.

"So we won't rely on one party only," he said.

The fund will differ from one to be created by Abu Dhabi, which will be channeled partly to the new capital project but also to Indonesia's other infrastructure projects.

BlackRock could not be immediately reached for comment.

Pandjaitan declined to reveal the targeted size of the fund, saying only that it will be "huge" and "very adequate" to cover the estimated 466 trillion rupiah ($33 billion) cost of building Indonesia's new capital.

Indonesia intends to cover about 20% of the expense through the national budget and wishes to involve the private sector in funding the rest.

Widodo in August announced the plan to relocate Indonesia's capital from Jakarta, citing its problems with crowding, traffic, flooding and land subsidence. He chose a 256,000-hectare area in East Kalimantan Province, in the Indonesian part of Borneo island.

Blair was making his first visit to Indonesia to discuss the project after it was revealed last month that he would join a high-level steering committee to oversee the development of the new capital.

The committee includes Son and the crown prince of Abu Dhabi, Mohammed bin Zayed Al Nahyan. Widodo said previously that Indonesia is recruiting high-profile figures to boost confidence in the project among international investors.

Blair on Friday called the project "enormously exciting," adding that he will use his contacts to "bring in as many people as possible."

Indonesia's new capital city will be "a showcase for the very best examples of technology, of doing development in an environmentally sustainable way," Blair said. The project "comes at an extraordinarily inflection point -- of changes in technology globally and changes in the development of Indonesia itself."

For Son, Friday's meeting was his third with Widodo over the past two months to discuss the new capital city -- reflecting his keen interest.

"I think this new capital city will be the first 21st century capital city with a lot of new technology," the SoftBank chief said, citing artificial intelligence and the "internet of things." It also will offer "a lot of green" and an environment that is "good for the society."

Pandjaitan also revealed Friday that after talks with Son and Blair, two new consultants will be recruited for the project: U.S. infrastructure firm Aecom and Japanese architecture and urban design consulting firm Nikken Sekkei.

These come in addition to McKinsey, which was hired earlier and is conducting a feasibility study on the project. An Indonesian team that won a design contest for the new capital city also will be involved.

South Korea also has expressed interest in the project, Widodo said this week.

Indonesia's government is preparing a bill for submission to parliament soon that will bolster legal frameworks for the project.

Widodo added that he does not want the project to be funded by bank loans, and that there will be "no government guarantee" for the investment -- but that Indonesia is keen to partner with investors.

https://asia.nikkei.com/Economy/BlackRock-wants-to-fund-Indonesia-s-33bn-new-capital-minister

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