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

PT Autopedia Sukses Lestari Tbk (ASLC)

Rabu, 25 Januari 2023 - 09:30 WIB

ASLC Successfully Surpasses 2022 Used Car Sales Target via Caroline.id

PT Autopedia Sukses Lestari Tbk (ASLC), a company engaged in used vehicles auction and trading of used cars, succeeded in selling 2,481 units of used cars through used car dealers under its…

A woman is paying her attention to the Jakarta Composite Index board movement. (Document of INDUSTRY.co.id)

Kamis, 05 Januari 2023 - 22:29 WIB

New Economic Board, GOTO Share Moves Closer to Global Indices

The presence of the New Economic Board on the Indonesia Stock Exchange (IDX) brings many benefits to PT GoTo Gojek Tokopedia Tbk (GOTO). One of them is getting closer to the shares listing of…

PT Alkindo Naratama Tbk (“ALDO”)

Senin, 19 Desember 2022 - 23:51 WIB

ALDO Aims 2023 Sales to Increase More Than Double

PT Alkindo Naratama Tbk (“ALDO”), a listed company engaged in the integrated paper and chemical business are optimistic that the Company's performance in 2023 will improve, in line with…

Lauren Blasco of ACV.

Senin, 19 Desember 2022 - 22:39 WIB

Indonesian Chamber of Commerce and Industry taps AC Ventures’ ESG head to join task force

The Indonesian Chamber of Commerce and Industry (KADIN) recently tapped AC Ventures’ (ACV) Head of ESG Lauren Blasco to join its newly formed ESG task force, an elite group of stakeholders…

The CIP Utilities & Automated Reporting Analytics allows plant managers

Senin, 19 Desember 2022 - 21:50 WIB

Emerson’s New Analytics Software Automates Utilities Monitoring and Reporting for Clean-in-Place Applications

Emerson: Today Emerson announced the release of its new Clean In Place (CIP) Utilities and Automated Reporting Analytics package delivered via PACEdge™ and Movicon™ platforms on an industrial…