[000:00:00;00] news the people in trucks insured when trying to free the city center. more and more refugees are being turned away. families these

correct only straight pieces. extreme. getting 200 people around. more than 300000000 people are thinking yes. because no one should have to make up your own mind. double you made for mine's of the this is the, the nearest aisha coming up today and to be shows new capital and expensive vets. portal well thought out investments produce on thought already costs billions of dollars to finish. the government is hoping private investors been for most of the

available see it as an investment real day and how sound other government's plans, the time finish manager. welcome to the the news. a chart that you could join us. indonesia is building a new capital on the island of borneo gold noose on top. it is expected to be fully ready by 2045. but the plan is to have some companies, institutions move to it from a lead. next step president, new york of adult or has been a major back out of the project. and just last month wasn't single during cottage private invest as to for the majority of the $32000000000.00 price tag. so i suggest you going with too long

gone. just sit and watch. this is a garden opportunity. that is fatty. that's the right thing in indonesia, it's all of you can be bought off a free thing. it'd be fine. no need to warranty your investment in indonesia. we're on the new to be safe. and also a deep beneath the of the sunset out get because it, these people up on those on data is being developed because the columns capital jakarta is sinking. rising sea levels, coupled with subsidence, have clouded, took off his long term prospect. also, the government argues indonesia needs to redistribute economic prosperity. currently, this is concentrated on the main island of java,

but it's an economic argument. not everyone is convinced of. this is where airplanes could soon touchstone a v i. p runway is the latest item on the long wish list from indonesia as president for the countries new capital. some 7000 workers are currently busy laying the foundations for a number of official buildings in what is still a vast eucalyptus forest. this is what about 5 to 10 percent of the presidential dream. looks like slowly but surely indonesia, as new capitol as a marketing from the ground on the island of borneo. over here, you have the presidential palace being built. and this is where the presidential residents this will be new son, colorado as president joke, will be totals flagship project, and it's envisioned as a green smart city. but with a whooping $32000000000.00 price tech, some investors have expressed concern that development may lose momentum after the

end of we those final term in office next year. the main opposition party in jakarta is not surprised, but valuables young double book. i need to kind of what we need our new centers of economic growth and not a new policy to get that. we're going to proceed with that. we just did, at least we already have semester. we're realistic about the big of the business world, only cares if their investment will multiply, not somebody that they make on what am i that until now, there is no study that shows that people who invest their will get benefits, but conclude to them or the government disagrees officials at the building sides claim they have already received over $100.00 letters of interest. that is crucial because the private sector is suppose to, for 80 percent of the bill for the new capital, the investor. so the last to see that the government goes 1st, right? so that's, that's why most of the buildings are still in place in 3030 far is being built by

the us, their budget depth of the market pump. but that's what, that's what i really said there will be a lot of for investors to program. some of them are still waving. see, but the safe to say that the effort that is there, the construction of the new capital begin in mid 2022 months. the government arguing that their card i was congested and thinking this them being built, trust the boss, the new capital, is supposed to prevent such problems. the plan is now to officially declare a new sum, tara indonesia, as new capital. in the 1st off of 2024, just before a new indonesian president this morning and potentially boards a plane to fly here. and joining me now for more context from jakarta is a government us our issues an associate professor, you know, but design an architecture. at the moment i should investigate indonesia. it got jakarta is thinking, so indonesia needs a new capital, but the government also saves the country,

needs new economic centers away from the main island of java. how does constructing a new capital ensure that as well, i'm constructing a new copy to of course it's a big task and the new aim for this new capital city is to create a new economy centers following the tech guy. i mean, like we have some problems he just got, i'd like to create this a new so perhaps, but of course we need such an infrastructure default man, business incentives and accepting industries and investments to play a crucial role in and shooting the growth and prosperity of the new capital. now if we are looking at the test that the of these iga and the plan is in 2025 to the 2035 and the must have planned shows that they were built, these become an economy super hub,

which it's fission is to be the last rule 6 economy cluster, this is how they plan to do is, um, and of course, there will be like, you know, for example, it's like the next generation you'll manufacture integrated, pharmaceutical, acosta, sustainable as the industry and so on. and as you can see, that this economy, super hub, is expected to be benefit from also putnam regions and probably about them. so in the neighboring cities. but look, this cannot be happening without the support of the investors. as you can see, we know that in order to build this capital, the funding from the government cannot stand alone. it needs the private sectors to invest on this. and i did want to talk to you about that because the government wants some 80 percent of the project costs, which is something like $32000000000.00 to be borne by a private invest. as in fact,

we had to the president in single board just last month speaking to private investors, asking them to invest, hired a simple question, really is how excited is the private sector? are they putting into money? that's very difficult because at the moment i think the government is trying so hard to get the investors. but let's see how this is split up in terms of the planning and also in terms of the regulations, based on the presidential regulations. number 172022. now this a cut and can be funded by the state budget, but also by the private budget. as you mentioned, is a 2 percent and says from relies on this private budget of clothes. there's some sentiment. so this has fresh concepts about the potential conflict of interest and also influence that the wealthy individuals or corporations may have over the

different elements of the new capital. and also, but the long term sustainability lying heavily on the private funding. but we've done this private investors, of course indonesia cannot build its own capital at the moment. it seems that the government is trying so hard, but um, so far as far as i know, we haven't kind of like, i mean the innovation doesn't kind of like having close to any kind of view. i think the less in for so kind of like the back of a so we haven't, can see the, you know, the new interest us coming. but interestingly enough, or the press of sick. this is expected to contribute significant portions of the funding that has been some challenges. yeah. in securing this investment. and now what we can see um there's some changes in the government as well, like say for instance, to attract the in 1st us government met federal funding schemes for instance. yeah

. um, for instance, like the government and business corporation or a couple of a lawyer in indonesian time investment corporation between the government and state on company or private companies in the national findings, special tech incentives, for instance, at all these kind of new facilities that the government offers so um, it is interesting to see how these things being let out. and um, you know, whether this is gonna be happening or not, whether we can kind of like successfully attract the interest of us or not. i was gonna ask you to look into a crystal ball and speculated as to wherever you're going to go. but i imagine that's kind of be a difficult question to answer that. so let's just talk about god. because you have worked in jakarta and you have worked on the subsidence problem in chicago, the fact that took out the sinking and that's why the new capital is being built. my question to you is what happens to jakarta and then tell them, i mean,

does it eventually sink into the seas or when people continue or leaving in jakarta? me? well, the fact that the cat that is thinking that it's didn't undeniable yet. and i'm, unfortunately, that hasn't been any uh, concrete effort in order to kind of like rescue the city there. awesome. so for instance, like a new pipelines to, you know, to provide the clean water. but the set, the lives up site and it's really severe, especially in certain pines. now. um, i know this is like a political years, you know, because of the art of changing the presidency by next year. but the has to be a concrete plan, you know, to rescue check out that the fact that people who are moving to the new copy to a not to caught them, especially the 1st stage, is mostly for the super cellphones, the army, the police, and so on. so it's not free of what you call them. people at the south for more uh, you know, for the slot and also for other disparities. yeah,

that's happening in this sinking sit they overall uh take uh if you look at the country and your coffins in particular, how much support is there uh for this move to a new capital. yes. look, i've seen that in the, especially in upcoming regulations, that i'm that have some plans. what happens to check out that i started engage and then you've kept it on. so there might be some changes in terms of the building use for instance, and all of that. so those are the special relations or special planning regulations that has been issued. yep. mm hm. but other than that, what i can see is that the main problems of check out the land subsidence and also the flat. i don't see anything at the moment. i don't see anything. it's in a concrete plan yet apart from the, you know,

making the new pipeline. we did have that kind of a plan to create this. um c will for instance. but even so that's being implemented at the moment where you left and leave it there for the time being. but always a pleasure talking to you a copy of my, my survey from the one i should investigate in indonesia. thanks so much i and that does it for today. it is most stories from the region on our website, the dot com forward slash a share on us ever. you can follow us on facebook and if trip to back tomorrow, at the same time, we'll see you then to buy the eco indeed, how can a country's economy grow in harmony with these people and the environment when

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