Indonesia Picks Eastern Borneo Island As New Capital2Photo© thequint.com

Indonesia Picks Eastern Borneo Island As New Capital

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The current capital, Jakarta, home to more than 10 million people, sits on swampy land and parts of the city were sinking by as much as 25 cm a year and almost half now sits below sea level, the BBC reported.

No name was given for the capital’s planned replacement.

The new city will straddle two relatively undeveloped regions, Kutai Kertanegara and Penajam Paser Utara.

The ambitious project will cost 466 trillion rupiah ($32 billion), according to a government official.