The Indonesian government remains committed to the construction of a new national capital, which will replace the overcrowded Jakarta, despite the negative impact of the ongoing COVID-19 pandemic on its economy and with hopes pinned on greater private investment.

The new capital, which has not been named yet and is projected as a green city on the island of Borneo, has an estimated budget of some IDR 466 billion ($31.8 billion) financed by the country's budget, funds from regional governments, contributions by large enterprises and private direct investment. EFE-EPA