Indonesia’s $33B Capital Relocation Plan Is Imploding

Sun, 04 Aug 2024 13:55:05 +0000

Jakarta is the fastest sinking city in the world, and the Indonesian government is moving its capital 800 miles away from the island of Java. Nusantara is set to open next month but with investors pulling out, project heads resigning and little complete, the city’s fate remains uncertain.

WSJ explores how the promised capital risks squandering Indonesia’s funds and damaging the country’s reputation.

Chapters:
0:00 Moving Indonesia’s capital
1:04 Why Nusantara?
2:30 Challenges in construction
4:30 Geopolitical criticism
5:58 Future of the project

Breaking Ground
Breaking Ground digs into megaprojects around the world, uncovering what these developments might mean for the surrounding region and the ultimate costs.