IN BRIEF (Page 4)

Indonesia

Relocating capital needs up to $30B

Indonesia's plan to move its capital away from Jakarta will require investment of about $20 billion to $30 billion, a minister said on Tuesday, even though the government has yet to decide on a new location. President Joko Widodo on Monday approved a plan to relocate government less than two weeks after private pollsters indicated he had won the April 17 presidential election. Jakarta is home to more than 10 million people, but around three times that many live in the surrounding towns, adding to severe traffic congestion that the government has estimated costs $7 billion in economic losses each year. Planning Minister Bambang Brodjonegoro said the government will design a new capital to house 900,000 to 1.5 million people, mostly government employees and their families.