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Japanese firms eye investment in MRT Jakarta transit hubs
A couple of companies are already engaged in making business plans and finance schemes with their Indonesian counterparts, Japan's economic affairs minister has said.
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Emperor Naruhito (left) waves to journalists from inside a train at Lebak Bulus MRT station in South Jakarta on Sunday. The emperor was on a week-long visit to Indonesia, his first since his coronation in 2019. (Courtesy/of PT MRT Jakarta)
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apanese companies are looking to invest in transit-oriented development (TOD) hubs around key MRT Jakarta stations, according to a senior official at the Japanese Embassy in Jakarta.
Speaking to The Jakarta Post on Monday, the Japanese embassy's minister for economic affairs in Jakarta, Hajime Ueda, said several private firms across various sectors were actively exploring investment opportunities in these TOD hubs, areas within a 700-meter radius from the commuting points akin to models used in Japan.
These hubs are around the Bundaran HI, Dukuh Atas and Lebak Bulus stations. The Jakarta administration wrote in April 2023 that these TODs would also include affordable housing along with retail centers.
“Japanese companies are viewing the opportunity positively. There are a couple of individual companies who are already engaged in making business plans and finance schemes with their Indonesian counterparts,” he said, without disclosing the companies’ names.
This collaboration comes on the heels of a visit by Transportation Minister Budi Karya Sumadi to Tokyo on April 25.
During his trip, he presented six investment projects accepting bids: a mixed-use complex development at Blok M, a pedestrian deck at Dukuh Atas, the revitalization of Sudirman Station, extended concourses at Bundaran HI and Fatmawati and a reservoir revitalization project at Setiabudi.
