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the common key, more people than ever on the news world volume in such a fashion, life. facile jessica middle passage. gosh, the piano. is it going back on the card of the bench? that's okay. that's the nanda foundation. one box to then find out about robina story in some language. reliable news for migraines? wherever they may be, the newest asia are coming up today in to be shows new capital and expensive web portal. well thought out investments produce on thought already costs billions of dollars to finish. the government is hoping private investors been put most of the available at see it as an investment real day and how sound other government's

plans. the time bid is granted. you are welcome to do the news. a show that you could join us . indonesia is building a new capital on the island of borneo. gold news 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, yoko of adult or has been a major back out of the project. and just last month wasn't single pull through in cottage, private investors to, for the majority of the $32000000000.00 price tag. so i suggest you a doing with too long gone. just sit and watch. this is

a garden opportunity. that is fatty. that's the great thing in indonesia. it's all of you can be bought off a free thing. it'd be fine. no need to worry. you're in freshman and they do nice. yeah, we're on the new to be safe. and also the fun thing a fee. i'll send that out. get both of these people up on a 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 truly 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 tag, some investors have expressed concern that development may lose momentum after the end of the dose 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 that's not a new policy to get that we're going to proceed with that. we just do it. at least we are in the house, domestic. we're realistically at a papa to pick up the business world only cares if their investment will multiply,

not somebody's id because what am i that until now? there is no study that shows that people who invest their will get benefits included when the government disagrees. officials at the building site claim they have already received over $100.00 letters of interest. that is crucial because the private sector is supposed to foot 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 the, that's why most of the buildings circulate this in particular, the far is being built by the state budget that to, for your market confidence. but also that's what i really said there will be a lot of our investors to look up. some of them are still waving. see, but the safe to say that the effort that is the construction of the new capital would begin in mid 2022 months. the government arguing that their car that was

congested and sinking this them being built just the boston 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 for the plane to fly here. and joining me, nothing more context from jakarta is a government us our issues and associate professor you know, but design and architecture at the moment i should invest in indonesia. it got jakarta is thinking, so indonesia needs a new capital. but the government also say is 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 tablet. uh, of course it's a big task and then you 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 time left 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 eco and the plan is in 2025 to the 2035. and the must have planned shows that they will build 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. so let's 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 it cost and can be funded by the state budget, but also by the private budget. yeah, as you mentioned, is 80 percent and says from relies on this private budget of clothes. there's some sentiment. so this headspace constance about the potential conflict of interest and also influence that the wealthy individuals or corporations may have over the different model 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. um 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 definitely kind of like having close to any kind of view. i think the less in for so kind of like back off a. so we haven't, can see the, you know, the new investors 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. so 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 copy 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,

and all of this kind of new facilities that the government offers so um, it is interesting to see how these things being laid out. and um, you know, whether this is going to be happening or not, or whether we can kind of like successfully attract the interest of us or not. i was going to ask you to look into a crystal ball and speculate 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 your thoughts because you have worked in jakarta and you have worked on the subsidence problem and took off 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 living in jakarta? me? well, the fact that's a 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 a clean water. but the set, the lives up site and it's really severe, especially in certain pines. now, i know this is like a political years, you know, because we are changing the presidency by next year. but the has to be a concrete plan, you know, for us to check out that the fact that people who are moving to the new coverage or not to 5 times, especially the 1st stage, is mostly for the super center funds, the army, the police. and so on. so it's not free for the car then people at the south for more uh you know, for the slot and also for other disparities. yeah, that's happening in this sinking city 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. nope, i've seen that in the,

especially in upcoming regulations that, that have some plans. what happens to check out that aspect of the cation of the new capital? 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, um the, the, the main problems of check out the land substitute and then 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 not survey from 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 page share on us ever you can follow us on facebook and if trip to back tomorrow at the same time and see you then to buy the blazing as far sent out live that's what makes life beautiful for the drift hunters. now these 2 car fleet from nigeria are ready to go pro. how many laps do they have to complete the

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