Development of Jakarta-Bandung high-speed train
President Jokowi kicked-off the development of the Jakarta-Bandung high-speed railway along with the development of economic centre of Jakarta-Bandung corridor. The railway is owned by PT Kereta Cepat Indonesia China (KCIC), which is a JV between Pilar Sinergi BUMN Indonesia (PSBI, 60%) and China Railway International (40%). Meanwhile, PSBI is a JV consisting four Indonesian SOEs: a) WIKA (38%), b) Kereta Api Indonesia (a railway company, 25%), c) PTPN VIII (an agriculture company,25%), and d) JSMR (a toll road company, 12%). The rail will have 140.9km of length and four stations, namely: a) Halim in Jakarta, b) Karawang in West Java, c) Walini in West Java, and d) Tegalluar in Bandung, West Java. The train is targeted to start operation in early-19. In each station, a Transit Oriented Development (TOD) will be built, and this TOD will be the embryo of the new economy region and new residential area.