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Third TOD project to be constructed at Senen Station
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A miniature model of the transit-oriented development (TOD) apartments under contruction at South Jakarta's Tanjung Barat train station. (kompas.com/Daniel Prabowo)
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transit oriented development (TOD) project will be constructed at Senen railway station in Central Jakarta, the third TOD project after construction began on several apartment towers at Tanjung Barat station, in South Jakarta and Pondok Cina station in Depok, West Java.
The project, the ground breaking of which is scheduled to be held on Nov. 10, will be jointly constructed by state owned construction company Wika Gedung, a subsidiary of state-owned construction company PT Wijaya Karya Tbk (WIKA) and state-owned railway operator PT Kereta Api Indonesia (KAI).
PT WIKA finance director Stave Kosasih said the project would be developed on the majority of a 8.5 hectare plot of land owned by PT KAI.
Read also: TOD project breaks ground at Pondok Cina station“We will develop the project on about 75 percent of the land, while the other 25 percent will be developed by private companies,” said Stave as reported by kontan.co.id in Jakarta on Monday.
Meanwhile, Wika Gedung investment and human capital director Nur Alfalah said that for the first phase, his company would build three towers, one of which would be allocated for low-income families.
He said Wika Gedung plans to hold an initial public offering (IPO), eyeing a turnover of Rp 3 trillion (US$ 222.17 million), to finance the project.
State-owned housing developer PT Perumnas and PT KAI began the construction of the four apartment towers on a 27,706-square-meter plot of land near Pondok Cina station on Oct. 2, following the commencement of a similar project at Tanjung Barat Commuter Line train station. (bbn)
