The Indonesian government decided Monday to relocate the nation's capital from Jakarta to somewhere outside the densely populated Java Island, a Cabinet minister said, KYODO reports.
National Development Planning Minister Bambang Brodjonegoro said the capital will be moved somewhere in central Indonesia within five to 10 years but declined to reveal its location out of concern announcing it now would spark speculative land buying and a spike in land prices in the area.
The decision was made at a Cabinet meeting chaired by Joko "Jokowi" Widodo, Bambang said at a press conference. "This is an important decision...that will be followed by a series of Cabinet meetings" where more technical issues, such as the design of the city, will be discussed, he added.
While its location is being withheld, the new capital is believed to be built in an existing city that already has an airport, harbor and other pieces of infrastructure.
Source: Kazinform News Agency
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