Client: Bahana Securities

Year: 2020

KEY ISSUES ADDRESSED:

• Assessed the potential for commercializing a Transit Oriented Development (TOD) project around Bandung Station, anticipating full integration with the high-speed rail and a planned LRT connection from Tegalluar at the time of the project.
• Developed detailed financial projections aligned with identified development potentials.
• Prepared comprehensive business plan and financial model from a key stakeholder’s perspective, analyzing multiple scenarios.
• Partnered with Bahana Securities along with LAPI ITB (experts for the feasibility of the LRT route) to provide holistic views on the project’s potential.

RECOMMENDATION:

• A retail concept focused on serving the captive market of commuters, hotel guests, and nearby office workers.
• Office spaces to accommodate branch offices of stakeholders’ group (ie. KAI and KCIC), IT firms, and service industries (law firms, design agencies, etc.).
• A three-star business transit hotel targeting corporate travelers, government officials, conference attendees during weekdays, and families/groups on weekends.
• A robust financial projection to evaluate the project’s profitability and return on investment.

IMPLEMENTATION BY CLIENT:

• Significant changes in central government policies impacted the high-speed rail project, including the removal of the Walini stop and the shift of the main feeder station (to Bandung) to Padalarang instead of Tegalluar.
• Project stakeholders also changed throughout the process.
• These factors, combined with other challenges, have prevented the realization of the TOD plan at Bandung Rail Station to date.