State-owned construction firm Wijaya Karya (Wika) said economic potential would not only come from train ticket sales but also economic activities at the TODs, which will consist of urban settlements with business centers and tourist areas. 

Wika has projected the TODs located at four major stops along the high-speed railway could potentially generate an accumulative revenue of Rp 266.1 trillion (US$18.6 billion) by 2070. 

Wika president director Tumiyana said TODs will be constructed at four designated stop stations; Halim in East Jakarta, Karawang and Walini in West Bandung regency and Tegalluar in Bandung. The TOD development will occupy a total area of 1,988 hectares, with total investment of $5.58 billion. 

In the development of the Jakarta-Bandung railway and TOD projects, Wika acts as one of the investors and developers as well as the leader of PT Kereta Cepat Indonesia China (KCIC), an Indonesia-China consortium responsible for the project’s construction. 

“We will develop new property there.  There will be three big [TOD] areas, which are Walini, Karawang and Tegalluar. Walini will be the biggest as it will be developed into a new township,” Tumiyana told a press conference, recently.

In Halim, the TOD will occupy 18 ha, also the smallest, where Wika plans to include a residential, business center and shopping complex near the station. The complex will also serve as a transit area that will be connected with Halim Perdanakusuma International Airport, the LRT and Transjakarta buses. 

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