Significant investment, substantial roadblocks stand in way of Indonesia's capital relocation

  • 📰 BusinessTimes
  • ⏱ Reading Time:
  • 33 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 16%
  • Publisher: 51%

Canada News News

Canada Canada Latest News,Canada Canada Headlines

INDONESIA'S decision to relocate its capital may face environmental road-blocks and will require a substantial amount of infrastructure investment, said analysts from Fitch Solutions. Read more at The Business Times.

Indonesia's decision to relocate its capital may face environmental road-blocks and will require a substantial amount of infrastructure investment, said analysts from Fitch Solutions.INDONESIA'S decision to relocate its capital may face environmental road-blocks and will require a substantial amount of infrastructure investment, said analysts from Fitch Solutions.

As the new capital sits on 180,000 hectares of government-owned land, analysts said that it would be a positive point for the implementation of future infrastructure and development projects as land acquisition issues will be reduced.Analysts also anticipate opportunities in Balikpapan and Samarinda as well, due to spillover effects of the new capital on the development of these two cities.

That being said, analysts foresee that the proposed timeline will probably be stretched as the implementation of less environmentally friendly projects are likely to face strong political opposition and resistance from local communities.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 15. in CA

Canada Canada Latest News, Canada Canada Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Commentary: The finance sector is already moving away from fossil-fuel investmentsA monumental shift towards renewables is already underway, says Andrew Higham.
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »