McKinsey Will Advise Indonesia On Capital Relocation

20 Oct 2019 by OOSKAnews Correspondent
JAKARTA, Indonesia

The government of Indonesia has appointed international management consultancy McKinsey & Company to prepare a feasibility study regarding the country's plan to relocate the capital from currently-sinking Jakarta to Borneo. Half of Jakarta is below sea level with one of the main causes being subsidence caused by extraction of groundwater for drinking water and other human use.The new study, with an estimated cost of $1.77 Million USD, will build on initial studies by the government that include social, cultural, environment and economic issues, according to Rudy Soeprihadi Prawiradinata, Deputy Regional Development Assistant at the Indonesia Planning Ministry...

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