External funding sought for airports
STATE-OWNED airport operator Angkasa Pura I is looking for external financing of 26.4 trillion rupiah (Bt71 billion) to expand five of its airports, especially those in Yogyakarta and Semarang where the number of passengers is already three times capacity
Technical director Polana Banguningsih Pramesti said the five major airports with the most severe overcapacity were Achmad Yani Airport in Semarang, Adisoetjipto Airport in Yogyakarta, Syamsudin Noor Airport in Banjarmasin, Juanda Airport in Surabaya and Sultan Hasanuddin Airport in Makassar.
In addition to the construction of new |passenger terminals, AP I will build a new airport in Kulon Progo, Yogyakarta to replace the overcrowded Adisoetjipto Airport.
In 2020, all five airports are targeted to handle up to 70.6 million passengers, 2.8 times the current 25.3 million passengers.
“The new terminal in Ahmad Yani airport in Semarang will be operational in 2018, while the first phase of the new Yogyakarta airport will be operational in 2019, one year ahead of the 2020 target,” she said in Jakarta on Monday.
To partly finance the expansion, AP I will issue conventional and Islamic bonds worth |3 trillion rupiah, as the government has revoked its initial capital injection plan worth 1.5 trillion rupiah.
Managing 13 airports in central and eastern Indonesia, AP I saw average passenger growth of 7.0 per cent per year from 2011-15, higher than the national growth of 5.6 per cent |and that of its sister company AP II with |3.9 per cent.
