Business

Ambitious Plans to Build Indonesia a Brand New Capital City Are Falling Apart

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Jokowi is determined to see the project through, but the situation has left him impatient and worried, said the people, who declined to be named as discussions are private. When asked for comments, the president’s spokesperson referred to a speech on Dec. 2, where Jokowi said that interest in investing in the new capital’s core area was 25 times oversubscribed. However, the speech didn’t specify whether binding contracts have been signed.



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