Borneo to be the new capital of Indonesia as Jakarta continues to sink

Indonesia has finally found its new capital city in Borneo. The decision was taken as Jakarta's sinking into the Java Sea continues. A jungle-covered region in Borneo island, as decided by the Indonesian government, will be transformed into the new capital city of the country.
There were major issues over rapidly sinking Jakarta, which was the prime political seat of the country. After much discussion, President Joko Widodo announced the news of relocation on Monday. Widodo mentioned that shifting Indonesia’s capital to the island will be a bigger and expensive task.

"As a large nation that has been independent for 74 years, Indonesia has never chosen its own capital," the Indonesian President said in a speech. He also said that the load Jakarta is carrying at present as the center of governance, business, finance, trade and services is too heavy.
The entire relocation project will cost Indonesia around 486 trillion rupiah ($34 billion), and might take nearly 10 years. As per reports, the population of Jakarta is about 10 million, making it the world's most overpopulated urban regions.

Now, Jakarta is also counted among the fastest-sinking cities on the planet. It is sinking at an alarming rate, and majorly owes to over-extraction of groundwater. The city now stands on slimy ground and is connected to the Java Sea to the north, which makes it prone to flooding. Also, the city of Jakarta is suffering from a major air pollution crisis as well as traffic issues.

It has to be noted that Borneo is the world's third-largest island; Indonesia owns a majority of it, while Malaysia and Brunei each have a claim on its northern region.