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Reuters
Reuters
Business
Agustinus Beo Da Costa and Kate Lamb

Indonesia passes law to relocate capital to Borneo jungle

FILE PHOTO: Indonesian Air Force helicopters carrying a big flag fly above high rise buildings during the country's 76th Independence Day celebrations in Jakarta, Indonesia, August 17, 2021. REUTERS/Willy Kurniawan

Parliament on Tuesday approved a bill to relocate Indonesia's capital from Jakarta to a site deep within the jungle of Kalimantan on Borneo island, the most significant advancement of an idea the country's leaders have been toying with for years.

The new state capital law, which provides a legal framework for President Joko Widodo's ambitious $32 billion mega project, stipulates how development of the capital will be funded and governed.

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