Bills on capital relocation, job creation and taxation are part of sweeping reforms by Joko Widodo.
The National Development Planning Agency may submit the bill to the parliament this week, Jokowi, as the president is known, told a cabinet meeting in Jakarta on Wednesday.Jokowi urged ministers to expedite mapping of the project to determine the role of the private sector in financing the construction of the yet-to-be named capital on Borneo island.
“The concept of the new capital development as a smart metropolis has been noticed by the world and countries have even started to express their interest,’ Jokowi said. “That’s why we need to prepare details for the partnerships with other countries. I want us to take steps to accelerate the process.”
Jokowi is counting on private and state-owned entities to bear about 80% of the cost of building the capital.