Indonesia will move its capital to mineral-rich East Kalimantan, an Indonesian province on the island of Borneo. The name of the new capital will be Nusantara, which means “archipelago” in Javanese. It will be based in the regions of North Penajam Paser and Kutai Kartanegara. The new project is likely to cost around 466 trillion rupiah ($32 billion).
The heavily populated city of Jakarta is home to 10 million people (30 million if you include the greater metropolitan area) and has been facing the growing issue with the overuse of groundwater by home drilling due to large-scale city developments. The problem is worsened when combined with rising sea levels. This shift of development is set to slow down the rate at which Jakarta sinks into the Java Sea.