The state-owned airport operator, PT Angkasa Pura II, plans to build a new greenfield airport in Jakarta starting 2021. It is estimated that Indonesia would invest as much as USD 7 billion dollars for the project. The move is motivated by the unprecedented travel boom in the region, as well as in response to Indonesia’s president identifying tourism as a key foreign-exchange earner of the country.
Currently, PT Angkasa Pura II is carrying out a feasibility study. The new airport might be constructed near the existing Soekarno-Hatta International airport or built on 2,000 hectares land reclaimed from the sea. Moving forward, the airport operator will have to make the decision as to whether to construct the airport on its own or seek another’s firm collaboration.
PT Angkasa Pura II has been investing hundreds of million dollars in revamping the existing airport. A new terminal and runway were built to accommodate approximately 25 million passengers from about 9 million.
Other than Jakarta, PT Angkasa Pura is selecting a strategic investor for Kualanamu International Airport in Medan. Out of the 16 preferred bidders, the winning partner may own a maximum of 49% in the joint venture operating the newly built airport.
(Sources: Airport Technology; South China Morning Post)