TOD Project Can Be Faster If Private Sector Helping Hands

By : Ahmad Fadli And Aldi Firhand. A | Tuesday, February 20 2018 - 20:01 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 - Ciputra Group Director, Agus Surja Widjaja, confirms that private developers are able to build residential areas with Transit Oriented Development (TOD) concept as long as the scheme is submitted to market mechanism.

"The government should do what the private sector can not do, instead of the state budget used to inject state-owned enterprises to build property, it is better to save money to build the infrastructure and build the property is left to the private sector," he said.

 Even if the government wants to set prices for low-income people (MBR), according to Agus, private developers should be given incentives such as those obtained by SOE developers.

"If the government wants the private sector to build more affordable homes then it should be given incentives such as taxes, incentive in obtaining affordable land, private if there is profit on paper surely cultivated. If development submitted to the private sector development would be faster," said Agus.

News Comment

Today's Industry

Images By : Freepik

Sabtu, 14 September 2024 - 16:56 WIB

Essential Tips for Choosing Personal Health Insurance in the US

Choosing the right health insurance plan in the United States can be a complex task, especially with the variety of options available and the ever-changing landscape of healthcare policy. Here…

Images By : Freepik

Sabtu, 14 September 2024 - 16:53 WIB

The Top 10 Insurance Companies in the US for 2024

In the ever-evolving landscape of insurance, selecting the right company can significantly impact your financial security and peace of mind.

Images By : Freepik

Jumat, 13 September 2024 - 15:37 WIB

Why Airbnb Become Popular in 2024?

Airbnb fosters a more interactive experience between hosts and guests. Through direct messaging, guests can inquire about specific details, negotiate pricing, or clarify expectations, which…

Flag of the United Nations Organization.

Kamis, 15 Agustus 2024 - 14:26 WIB

Modena Officially Becomes a Member of the UN Global Compact

Commited to transforming towards sustainable business practices, Modena the global home appliance established over 60 years ago in Italy, officially became a member of the UN Globe Compact (UNGC)…

Totolink outlet. (Photo: Public Relation of Totolink)

Kamis, 11 Juli 2024 - 22:08 WIB

Totolink Strengthens Commitment to Innovative and Reliable Network Solutions for Indonesia

Marking a strategic step, Totolink Indonesia proudly announces the enhancement of its head office in Jakarta, located at Harco Mangga Dua Blok E No.28, Sawah Besar, Central Jakarta.