Friday, July 18, 2025
No Result
View All Result
Bitcoin With Money
  • Home
  • Business & Finance
  • Bitcoin
  • Crypto Updates
    • Crypto Updates
    • Crypto Exchanges
    • Altcoins
    • Ethereum
  • Stocks
  • Blockchain
  • Investing
  • Forex
  • FinTech
  • Startups
  • Technology
  • Home
  • Business & Finance
  • Bitcoin
  • Crypto Updates
    • Crypto Updates
    • Crypto Exchanges
    • Altcoins
    • Ethereum
  • Stocks
  • Blockchain
  • Investing
  • Forex
  • FinTech
  • Startups
  • Technology
No Result
View All Result
Bitcoin With Money
No Result
View All Result
Home Startups

Jakarta Is Sinking. Take a Look at Indonesia’s New Capital, Nusantara.

by admin
May 19, 2024
in Startups
0
Jakarta Is Sinking. Take a Look at Indonesia’s New Capital, Nusantara.
Share on FacebookShare on Twitter


  • Indonesia plans to relocate its capital from Jakarta to the new city of Nusantara.
  • The new city will cost $35 billion and won’t be finished until 2045.
  • Officials are using a range of promotional tactics to drum up interest.

Thanks for signing up!

Access your favorite topics in a personalized feed while you’re on the go.

By clicking ‘Sign up’, you agree to receive marketing emails from Insider
as well as other partner offers and accept our
Terms of Service and
Privacy Policy.

Jakarta, on the northwest coast of Java at the mouth of the Ciliwung river, is Indonesia’s capital and its biggest city.

It’s home to some 10.6 million people and about 30 million in the metropolitan area. It’s also sinking, with about 40% of the area below sea level.

The Indonesian government plans to move the capital to Nusantara, a new city being built on the eastern coast of Borneo, about 870 miles north of Jakarta.

This story is available exclusively to Business Insider
subscribers.
Become an Insider
and start reading now.

Have an account? .

It will cost an estimated $35 billion and won’t be finished until 2045. However, about 6,000 government workers are expected to move there in time for the next president’s inauguration in October.

The decision is not without precedent. Brazil shifted from Rio de Janeiro to Brasilia in 1960, while Abuja replaced Lagos as Nigeria’s capital in 1991.

But this is the first time that the climate crisis has played a role in the process. In recent years, rising sea levels have made Jakarta the world’s fastest-sinking megacity, which sparked the Indonesian government’s decision to move the capital.

Take a closer look at Nusantara.



Source link

Tags: CapitalIndonesiasJakartaNusantaraSinking
No Result
View All Result

LATEST UPDATES

  • Bitcoin hits $1T realized cap as price aims to break resistance
  • Trump Signs GENIUS Act Into Law, Setting Stage for Wider Crypto Oversight
  • What Stops This Train? – A Wealth of Common Sense
  • AirPods 4’s lowest price ever is back—with or without ANC
  • Russia’s Sberbank Eyes Major Crypto Role with Surprise Custody Move Amid Sanctions Shift
  • California’s Largest Crypto Real Estate Deal May Be Brewing in Manhattan Beach
  • ETH’s short squeeze is getting violent
  • With a 30% increase since the start of the year, does the Barclays share price still offer good value?
  • GENIUS Act Passes House with 308 Votes, Could Redefine Stablecoins and Supercharge U.S. Crypto
  • US Senator Says Crypto Could ‘Blow Up’ Financial System

Bitcoin With Money is proudly powered by WordPress