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๐Ÿ‡ฎ๐Ÿ‡ฉ Indonesia /Economy & Trade

Pulomas Tower to Be Developed into Productive Area Integrated with LRT

From Republika · () Indonesian

Translated from Indonesian, summarized and contextualized by DistantNews.

At a glance

News Official statement New plan
  • Pulomas Tower in Jakarta will be developed into a productive area integrated with the LRT Equestrian Station, supporting a Transit Oriented Development (TOD) concept.
  • The development aims to create a new economic hub that enhances public mobility and optimizes regional assets through collaborative financing.
  • A financing facility agreement was signed between PT Pulo Mas Jaya and PT Bank Mega Syariah to support the project, emphasizing the role of regional-owned enterprises in driving development.

Pulomas Tower is set to transform into a productive zone seamlessly integrated with the LRT Equestrian Station, aligning with Jakarta's Transit Oriented Development (TOD) strategy. This initiative aims to establish the area as a vibrant new economic center, improving public mobility and optimizing regional assets through collaborative financing models.

DKI Jakarta Deputy Governor Rano Karno announced the development, expressing his hope that the integration with the LRT station would foster a new hub for economic activity. "With its location integrated with the LRT Equestrian Station, we hope this area can develop into a center of economic activity that supports community mobility while strengthening TOD-based area development," Rano stated.

With its location integrated with the LRT Equestrian Station, we hope this area can develop into a center of economic activity that supports community mobility while strengthening TOD-based area development.

โ€” Rano KarnoDeputy Governor of DKI Jakarta, on the goals of the Pulomas Tower development.

The project received a significant boost with the signing of a financing facility agreement between PT Pulo Mas Jaya and PT Bank Mega Syariah. Held at the Jakarta International Equestrian Park Pulomas, the event underscored the importance of optimizing regional-owned assets. Rano highlighted that regional enterprises must not only be financially sound but also act as catalysts for development.

"I welcome the signing of this financing facility as a form of synergy between regional-owned enterprises and the banking sector in supporting the development of regional assets to be more productive and beneficial to the community," Rano added. He emphasized the need for expanded collaboration between the government, regional enterprises, and financial institutions to support Jakarta's development, suggesting such financing schemes offer an alternative to relying solely on regional budgets for strategic projects.

I welcome the signing of this financing facility as a form of synergy between regional-owned enterprises and the banking sector in supporting the development of regional assets to be more productive and beneficial to the community.

โ€” Rano KarnoDeputy Governor of DKI Jakarta, commenting on the financing agreement.
DistantNews Editorial

Originally published by Republika in Indonesian. Translated, summarized, and contextualized by our editorial team with added local perspective. Read our editorial standards.