Indonesia Is Building a New Capital. It’s Not Going Well

Faris Mokhtar, a Bloomberg government reporter based in Jakarta, discusses Indonesia's ambitious plan to build a new capital city, Nusantara, to alleviate Jakarta's overcrowding and pollution. He highlights the formidable challenges, including financial hurdles and skepticism surrounding the project. Mokhtar details the significant costs incurred—over $4.6 billion—and the lack of investor interest, which threatens the project's viability. The conversation delves into the implications for Southeast Asia's largest economy if Nusantara fails to materialize.