Indonesia, Feb. 2 -- The Nusantara Capital Authority (OIKN) is studying 350 letters of intent submitted by several stakeholders seeking to contribute to the development of Nusantara city, Indonesia's future capital, according to OIKN head Bambang Susantono.

"At present, we have received 350 letters of intent and are currently studying them," he informed here on Friday.

The letters of intent will be studied thoroughly to ensure that all parties benefit mutually through the new capital's development, and the project proceeds smoothly as per the set timetable, the agency head said.

Smooth development progress and completion will also ensure that the new capital benefits the Indonesian nation by becoming a center of economic development an...