Ambitious plans to build Indonesia brand new capital city are falling apart

The only road leading to Semoi village, in the regency of Penajam Paser Utara, in East Kalimantan Province. - The Straits Times/ANN

JAKARTA, Dec 5 (Bloomberg): With its gleaming offices, electric buses and economically productive residents, Nusantara is the quintessential modern metropolis-smack in the middle of a vast rainforest.

At least, that’s what the government brochures depict. What they don’t show quite so clearly is where Indonesia will find $34 billion to build a new capital city from scratch.