JAKARTA, Indonesia Over three decades have passed since South Korea embarked on the construction of "new residential towns" in satellite cities. However, the initial goal of creating self-contained cities seems has been mostly unsuccessful, with most ending up as bedroom communities. Pantai Indah Kapuk 2 (PIK 2), a new town and satellite city in Indonesia, envisions a similar goal to Korea's, having.
JAKARTA : A consortium of Indonesian companies, including energy firm Adaro and conglomerate Astra International, have invested about 20 trillion rupiah (US$1.30 billion) in the country's new capital city, according to the local authority. Indonesia has been courting private investors in the US$32 bill