Indonesia’s new capital in Kalimantan named Nusantara
Published on: Monday, January 17, 2022
By: Bernama
President Joko Widodo confirmed the name of Indonesia’s new capital on Friday.
JAKARTA: The new capital of Indonesia in East Kalimantan has been named Nusantara, national development planning minister Suharso Monoarfa said during a meeting with the working committee for the new capital city bill today in parliament.
He said president Joko Widodo, better known as Jokowi, confirmed the name on Friday.
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The new capital city is one of Jokowi’s priority infrastructure development projects in Indonesia as the catalyst for unlocking overall economic potential, promoting growth, creating jobs and reducing poverty.
“I believe everyone will agree with the name Nusantara,” Suharso said.
The minister said Nusantara was an old Javanese term, which literally means “outer islands”, it is iconic internationally and widely known by the global community as the Republic of Indonesia.
Indonesia set aside US$35.8 million in the 2022 state budget for the construction of the new capital.
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The entire project costs US$35 billion.
Actual physical construction could start this year awaiting the capital city bill approval by the parliament.
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On Sept 9 last year, Jokowi signed Presidential Regulation No 85 of 2021 on Government Work Plans for 2022, which comprises eight strategic steps to speed up the transformation of Kalimantan, including the building of the new capital city complete with supporting infrastructure.
Others include accelerating investment, optimising the development of commodities and increasing legal certainty on land ownership by issuing land rights certificates.
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