Bumi Serpong Damai has invested Rp 2 trillion to develop township

JAKARTA (JP): Property company PT Bumi Serpong Damai (BSD) have invested about Rp 2 trillion (US$800 million) over the past nine years to develop a 6,000 hectare Bumi Serpong Damai township in Tangerang, West Java, the company said yesterday.

Company president Budiarsa Sastrawinata said BSD had developed 12,000 houses, 400 shops and banks, 40 restaurants, 80 automotive component shops, and five car showrooms on the 1,300 hectare site since 1989.

More than 30 government offices have been built in the township, including a police station, military office, tax office and the office of state-electricity company PLN.

"We have just started the second phase of developing the commercial and industrial area on 2,500 hectares, including a 200 hectare BSD Techno Park," he said

He said only high tech industries and other environmentally sound industries would be allowed to operate in the BSD's Techno Park which was designed to accommodate between 80 and 100 industrial companies.

He said 16 companies had planned to open manufacturing plants in the township, including cosmetics producer L'Oreal, pharmaceutical company Merck and razor maker Gilette.

"The BSD township is being developed into a self-contained township where people are born, work and die," said Budiarsa.

He said in 20 years from now the township's population was projected to increase to 600,000 people from 30,000 at present.

According to BSD's concept, 60 percent of the 6,000 hectare land will be allocated for housing and 40 percent for nonhousing purposes like public facilities, parks, commercial and industrial complexes.

PT BSD is a consortium made of Salim Group, Sinar Mas Group, Jaya Group and Metropolitan Development Group.

PT Supra Veritas owns 22.5 percent of the shares, PT Simas Tunggal Center 9 percent, PT Bhinneka Karya Pratama 1 percent, PT Serasi Niaga Sakti 20 percent, PT Anangga Pertiwi Megah 10 percent, PT Nirmala Indah Sakti 10 percent, PT Metropolitan Trancities Indonesia 12 percent, PT Aneka Karya Amarta 5 percent, PT Apta Citra Universal 3 percent and PT Pembangunan Jaya 7.5 percent. (jsk)