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Indonesia chooses a location on Borneo for a new capital

UNITED STATES, WASHINGTON (OBSERVATORY) — Indonesian President Joko Widodo said on Monday the capital would be relocated to an area that forms part of the northern districts of Benagam Pasir and Kutai Kartanegara in East Kalimantan province on Borneo.

Widodo said moving the capital from Jakarta would cost 466 trillion rupiah ($ 32.79 billion). The state would finance 19 percent of the amount, while the rest would come from public-private partnerships and private investment.

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