Indonesia expects to begin construction in the second quarter on apartments worth $2.7 billion for thousands of civil servants due to move to its new capital city on Borneo island, an official said late on Tuesday.
Authorities have already started building basic infrastructure in the area, with an aim to start relocating some government administration and civil servants in 2024.
— Reuters
The 450,000-acre starter city’s initial residential program will include 184 apartment towers for a total of 14,500 government employees. AECOM and Nikken Sekkei are leading the development of its master plan towards an expected inauguration date to coincide with the country’s Independence Day on the 17th of August next year. Officials previously decided that the seat of power’s future in Jakarta is untenable owing to increased flood risk, rising sea levels, and a rapid rate of sinking that has been recorded up to 11 inches per year in certain areas.
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