Owned by SOEs, Private Developers Want To Get Involved In TOD Residential Projects

By : Hariyanto And Aldi Firhand. A | Friday, February 16 2018 - 22:13 IWST

Illustration Shelter Integrated with public transportation modes such as Transit Oriented Development (TOD)
Illustration Shelter Integrated with public transportation modes such as Transit Oriented Development (TOD)

INDUSTRY.co.id - Jakarta - The Integrated Shelter Oriented Development (TOD), which is mostly developed by developers of State-Owned Enterprises (SOEs), is regretted by private developers.

Minister of Transportation Budi Karya Sumadi said the government actually hopes that the private sector can also play a role in the project.

According to him, so far there have been some private parties who have been invited to communicate to develop this TOD-based dwelling.

"So we can build a Terminal of Poris Plawad, we will make the Cooperation of the Government Business Entity (KPBU), and the LRT and MRT we will invite the private sector," Budi said in a discussion in Jakarta on Wednesday (14/2/2018). ) then.

Meanwhile, private developers who are members of the Association of Real Estate Companies of Indonesia (REI) want to be involved in the cultivation of the TOD dwelling.

"The area passed by the LRT and MRT networks is vast, we want to be involved in the development," said Budiarsa Sastrawinata, Honorary President of International Urban Development Association (INTA).

According to him, even if within the TOD there is indeed a residential unit for Low Income Communities (MBR), REI member developers also have a lot of specialization in the field, just adjust to the incentives that can be given such as tax relief.

As is known, the current TOD project in the center of the city worked by state-owned companies. Such as Perum Perumnas who work on TOD Station Tanjung Barat, TOD Station Pondok China and TOD Bogor Station, or PT PP Property (Persero) TBk who work on TOD Juanda Station and TOD Tanah Abang Station. While Adhi Karya also works a number of TOD project titled LRT City in several stations.

News Comment

Today's Industry

NORD-DuoDrive.jpg: The innovative and patented DuoDrive geared motor reaches outstanding system efficiency Image: NORD DRIVESYSTEMS

Selasa, 17 Mei 2022 - 14:00 WIB

NORD DRIVESYSTEMS at LogiMAT in Stuttgart From 31st May to 2nd June 2022 NORD will present innovative drive solutions for intralogistics

The specialist LogiMAT exhibition in Stuttgart offers as comprehensive overview of the intralogistics and process management market. As one of the market leaders for drive technology, NORD presents…

President Jokowi attends the meeting between ASEAN leaders and American entrepreneurs at Intercontinental the Willard Hotel, Washington DC, Thursday (05/12). Photo by: Laily Rachev

Selasa, 17 Mei 2022 - 13:00 WIB

President Jokowi Invites US CEOs to Boost Cooperation with Indonesia

President Joko “Jokowi” Widodo has invited company CEOs in the United States to boost cooperation with ASEAN countries, particularly Indonesia.

President Jokowi, President Biden, and ASEAN Leaders on a group photo prior to the dinner, at the White House, Washington D.C., Thursday (05/12)

Selasa, 17 Mei 2022 - 12:28 WIB

President Jokowi, ASEAN Leaders Attend Dinner Hosted by US President

President Joko “Jokowi” Widodo Thursday (05/12) attended a dinner with the leaders of ASEAN countries hosted by President of the United States Joe Biden at the White House, Washington D.C.

(Photo: © 2022 KRAIBURG TPE)

Selasa, 17 Mei 2022 - 11:23 WIB

TPE unleashes benefits for pet accessories

The pet care market is rapidly expanding as pet ownership increases, as does spending on pet food, grooming tools, and accessories. Pet owners are significantly concerned about the prevalence…

Sergey Sedov, Founder and CEO of Robocash Group

Jumat, 13 Mei 2022 - 16:15 WIB

Robocash Group reached 2 BN USD of disbursement and issued audited financial report of 2021

Robocash Group publishes the audited combined financial statements for the year ended 31 December 2021. The Group reached an all-time high 2 BN USD of issued financing and is expected to increase…