Mitbana and PT Bumi Serpong Damai Tbk to Embark on Maiden Transit-Oriented Development in BSDE City
April 12, 2021 at 05:12 am IST
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Mitbana, a joint venture company of Mitsubishi Corporation and Surbana Jurong, together with Sinarmas Land Limited (SML) through its subsidiary, PT Bumi Serpong Damai Tbk. (BSDE), announced that they will be jointly developing the first interconnected multi-modal transport complex in Greater Jakarta. This project is Mitbana's maiden undertaking in Indonesia and is part of a growing partnership with SML. The new Transit-Oriented Development (TOD) is strategically located in the Intermoda district in Bumi Serpong Damai (BSD) City, BSDE's largest established and thriving satellite township in Greater Jakarta. Capitalising on existing facilities built by BSDE, the Intermoda TOD will offer unparalleled access to multiple public transportation options including road, rail, and park-and-ride facilities to enhance last-mile connectivity and reduce congestion from the BSD area to Central Jakarta. As part of the development of the new Intermoda TOD, the existing pedestrian connections from Cisauk Station will be expanded and upgraded to include new retail and food & beverage offerings. When completed, the entire Intermoda TOD will cover a land area of approximately six hectares. It will feature a new town centre with community facilities catering to young families, working professionals and students such as those from Atma Jaya Catholic University, situated 400 metres from the development. The collaboration between Mitbana and SML will also explore smart technologies to enhance bus services within BSD City and other surrounding townships. These enhancements will complement Cisauk Train Station's connection to the future Serpong-Balaraja (Serbaraja) toll road section 1A, which is expected to be operational by the end of 2021.
PT Bumi Serpong Damai Tbk is an Indonesia-based real estate company, which is engaged in real estate activities with owned or leased property. The Companyâs segments include Residential, Commercial, Asset Management and Retail and Hospitality. The Company is focused on developing a new city, which has integrated residential area, with amenities/infrastructure, environmental facilities, and parks, called the BSD City. The Companyâs real estate project is called Bumi Serpong Damai which is located in Banten Province. The Companyâs subsidiaries include PT Bumi Indah Asri, PT Bumi Karawang Damai, Global Prime Capital Pte. Ltd., PT Kanaka Grahaasri, PT Kanaka Grahaasri, PT Putra Prabukarya, PT Bintaro Serpong Damai, PT Duta Dharma Sinarmas, PT Duta Karya Propertindo, PT Duta Mitra Mas, PT Duta Pertiwi Tbk, PT Mustika Karya Sejati, PT Garwita Sentra Utama, PT Grahadipta Wisesa, Global Prime Capital Pte. Ltd., PT Indonesia International Expo and PT Indonesia International Graha.