Indonesia revives US$10.5 billion 40-year plan to build sea wall to keep sinking Jakarta afloat
- Impetus comes as Jakarta sinks by as much as 25 centimetres per year while tidal flood rises by up to 200 centimetres annually, an Indonesian minister said
- The project will require three phases of construction extending past the year 2040, with the first two stages requiring US$10.5 billion in funding
The project will require three phases of construction extending past the year 2040, with the first two stages requiring 164.1 trillion rupiah (US$10.5 billion) in funding, Coordinating Minister for Economic Affairs Airlangga Hartarto said on Wednesday at an event in Jakarta unveiling the latest plan for the sea wall.
He didn’t say how much money is needed for the third phase.
While the idea has been tossed around for more than a decade, a proposal to build a sea wall was recently revived as Jakarta becomes the fastest-sinking megacity.
The impetus comes as the capital sinks by as much as 25 centimetres per year while tidal flood rises by up to 200 centimetres annually, Hartarto said.
Home to more than 10 million people on the island of Java, Jakarta has seen some areas descend by as much as 4 meters between 1997 and 2005, with experts predicting that one third of the capital may be submerged by 2050 if left unchecked.
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Flooding in coastal Jakarta was estimated to cause losses of 2.1 trillion rupiah per year, which can potentially rise to 10 trillion rupiah yearly in the next decade.