ADB to help Indonesia raise funding for new $32b capital city Nusantara

ADB to help Indonesia raise funding for new $32b capital city Nusantara

Indonesian currency Rupiah on hold by a cashier. Photo: Reuters

The Asian Development Bank (ADB) will assist in Indonesia’s planned $32 billion capital city relocation by mobilising financing and assessing the project’s environmental and social impacts, the Manila-based lender said on Friday.