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Bangkok Post
Bangkok Post
Business

Indonesia proposes 30% budget top-up for construction of new capital

This aerial picture taken on Aug 31, 2022 shows vehicles stuck in a traffic jam (bottom right) during the afternoon rush hour in Jakarta. (AFP)

JAKARTA: Indonesia's public works ministry on Monday proposed around 12.7 trillion rupiah ($807.68 million) in extra funds over the next two years to speed up construction of the country's new capital city on Borneo island.

If approved by the finance ministry, the public works ministry will see a 30% rise to around 55.7 trillion rupiah in its planned construction budget for the new seat of government, which will be called Nusantara.

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