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Indonesia celebrates Nusantara, the new capital struggling to take shape

Business Standard LogoBusiness Standard7h ago

Indonesia celebrates Nusantara, the new capital struggling to take shape - Business Standard

Quick Summary:

Located about 800 miles northeast of Jakarta, construction of Nusantara involves five phases, to be completed by 2045, the govt intends to shift some 1.

As for the incoming administration, Prabowo has pledged to continue Jokowi’s policies, including the new capital project.

Celebrations are muted, with thousands having been cut from the guest list because of a shortage of rooms, and Jokowi barely mentioned Nusantara in his final State of the Nation and budget speeches to parliament on Friday, except to say funding would continue.


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Article Details

Category: BusinessFinance

Markets:

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Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-08-17 @ 09:00:57 (7 hours ago)

News Timezone: GMT +5:00

News Source URL: business-standard.com

Language: English

Article Length: 784 words

Reading Time: 5 minutes read

Sentences: 28 lines

Sentence Length: 28 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Business Standard

News ID: 22112242

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Main Topics: BusinessFinance

Official Website: business-standard.com

Update Frequency: 196 posts per day

Year Established: 1975

Headquarters: India

News Last Updated: 3 hours ago

Coverage Areas: India

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Publisher ID: #49

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