Indonesia to break ground for $3.6b housing project in new capital in Q2

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The project will provide homes for thousands of civil servants due to move to the new city. Read more at straitstimes.com.

JAKARTA - Indonesia expects to begin construction in the second quarter on apartments worth US$2.7 billion for thousands of civil servants due to move to its new capital city on Borneo island, an official said late on Tuesday.move its capital city from Jakarta to a forested area in Indonesian Borneo,The authorities have already started building basic infrastructure in the area, with an aim to start relocating some government administration and civil servants in 2024.

They will build 184 apartment towers for about 14,500 civil servants, military and police personnel under a public-private partnership, he said. “Hopefully we can see in quarter two that some of them will start the construction,” Mr Bambang said during the live-streamed event.

 

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