JAKARTA: Indonesia’s outgoing President Joko Widodo broke ground on Wednesday for Australian, Russian and Chinese projects in the country’s future capital Nusantara, marking the first foreign investment in his administration’s flagship $32-billion initiative.
Southeast Asia’s largest economy is relocating its capital to East Kalimantan on Borneo island to replace the overcrowded and sinking Jakarta on Java island, with the megaproject scheduled for completion in 2045.