(CNN) — A jungle-covered place in the east of Borneo island has been defined to be changed to Indonesia’s new capital town. Concerns on the sustainability of this rapidly sinking political center of Jakarta motivated the demand for a new funding. The suggested place, near the comparatively underdeveloped towns of Balikpapan and Samarinda, is a far cry from the crowded powerhouse that has functioned as Indonesia’s fiscal heart as 1949 — also Widodo confessed that moving the nation’s funds to the island is going to be a gigantic and costly undertaking. However, Jakarta’s rapid expansion in recent years has introduced myriad ecological, economic and security issues, prompting the authorities to look elsewhere and also alleviate the strain on the huge metropolis. “As a massive nation that’s been separate for 74 decades, Indonesia hasn’t picked its capital,” Widodo said in a televised address, AFP reported. “The weight Jakarta is holding right now is too significant as the middle of governance, company, finance, services and trade.”
It is also among those fastest-sinking cities on Earth, according to the World Economic Forum, falling in the Java Sea in an alarming rate because of over-extraction of groundwater. The town sits on earth and hugs the sea to the northwest, which makes it particularly prone to flood. A worsening air pollution disaster, exacerbated by near-constant traffic congestion on its streets, has become so dire that many inhabitants resisted the Indonesian authorities in July. No title was given to your new website, but the authorities initially announced plans to relocate the funds in April. The transfer requires parliamentary approval to be provided that the go-ahead. Indonesia possesses the vast majority of Borneo, the world’s third-largest island, together with Malaysia and Brunei every holding portions of its northern area.