Toll Road Investment Opportunities in Indonesia 1
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Transcript of Toll Road Investment Opportunities in Indonesia 1
INDONESIAN TOLL ROAD AUTHORITYMINISTRY OF PUBLIC WORKSINDONESIAN TOLL ROAD AUTHORITYMINISTRY OF PUBLIC WORKS
TOLL ROAD INVESTMENTTOLL ROAD INVESTMENTOPPORTUNITIES IN INDONESIAOPPORTUNITIES IN INDONESIA
September 2010
Realizing development equalization and balancing in development region
Increasing service distribution efficiency in region which have high development factor main for supporting improvement economics growth
Expediting traffic or increasing people mobility and accesibility either goods and services in developing region
Lightening Government fund load by participating road user whereas expenditure Government Fund (APBN) firstly alocated for countering traffic jam in big cities can be diverted to another city haven’t growth
Any citizen participation and private sector in provision infrastructure
THE PURPOSE OF MANAGEMENT TOLL
ROAD
2
TOLL ROAD DEVELOPMENT POLICY
• Supporting economics growth centre• Connecting inter-region• Overcome congestion in the city
TOLL ROAD DEVELOPMENT PROGRESS IN INDONESIA
General Planning: 3,087.88 km
Realisation 1978 –2010 :741.97 km
On going (BOT) 20 toll road : 736.62 km, Investment U$. 7,723.03 M(land acquisiting and constructing)
On going (PPP Scheme) 2 toll road : 177.12 km, Investment U$. 1,057.68 M(consession agreement process, land acquisitIng and constructing) (Goverment: 59,95 km, Investment U$.
453,54 M)
Consession Agreement Preparation (4 Toll Road) : 154.24 km, Investment U$. 1,144.86 M
Tender Preparation (30 Toll Road) : 1,332.26 km, Investment U$. 15,928 M
Construction by Government (1 Toll Road On Going : Akses Tanjung Priok) : 9.48 km, Investment U$. 262.71 M (4 Toll Road (Plan)) : 28.15 km, Investment U$. 275.20 M(land acquisiting and constructing)
TOLL ROAD NETWORK ATJAVA ISLAND
Bandung
Jawa Barat
JakartaSerang
Surabaya
Yogyakarta
Semarang
DKI
Banten
DIY
Jawa Tengah
Jawa Timur
KertosonoMojokerto
Pejagan Pemalang
Batang
Cikampek
Palimanan
Solo
Ngawi
Pasuruan
Probolinggo
Banyuwangi
Kanci
Sukabumi CiranjangDemak
Malang
PandaanGempol
Bogor
JAVA SEA
Operation
Land Acquisition/Concession Agreement
Construction
Tender Preparation
Concession Agreement Preparation
KETERANGAN :
- Medan-Binjai
- Belmera
- Medan-Kualanmu-Tebing Tinggi
Palembang-Indralaya
Pekanbaru-Kandis-Dumai
In Operation
Tender Preparation
Bakauheni-Terbanggi Besar (Tegineneng-Babatan)
6
TOLL ROAD NETWORK IN SUMATRA
PRIORITY PROJECTPRIORITY PROJECT
Priority Projects
1 MEDAN-KUALA NAMU -TEBING TINGGI 60.00 83.63 530.22 Feasibility Evaluation (possibility with Government Support)
2 CILEUNYI - SUMEDANG - DAWUAN 58.50 56.29 568.91 Feasibility Evaluation (possibility with Government Support)
3 PALEMBANG - INDRALAYA 22.00 7.14 117.41 Feasibility Evaluation (possibility with Government Support)
4 TEGINENENG - BABATAN 50.00 29.94 304.06 Feasibility Evaluation (possibility with Government Support)
5 SUKABUMI - CIRANJANG 28.00 17.72 206.93 Feasibility Evaluation (possibility with Government Support)
6 PASIRKOJA - SOREANG 15.00 27.31 113.91 Feasibility Evaluation (possibility with Government Support)
7 PANDAAN - MALANG 37.62 32.69 281.85 Feasibility Evaluation
8 MEDAN - BINJAI 15.80 28.55 144.18 Feasibility Evaluation (possibility with Government Support)
9 KEMAYORAN - KAMPUNG MELAYU 9.65 775.37 Feasibility Study On Progress
10 SUNTER - RAWA BUAYA - BATU CEPER 22.92 1,088.39 Feasibility Study On Progress
11 ULUJAMI - TANAH ABANG 8.27 474.49 Feasibility Study On Progress
12 PASAR MINGGU - CASABLANCA 9.56 637.81 Feasibility Study On Progress
13 SUNTER - PULO GEBANG - TAMBELANG 25.73 822.70 Feasibility Study On Progress
14 DURI PULO - KAMPUNG MELAYU 11.38 664.59 Feasibility Study On Progress
15 TERUSAN PASTEUR - UJUNG BERUNG - CILEUNYI - GEDEBAGE 27.30 771.30 Feasibility Study
401.73 283.27 7,502.11
No. Toll Road Length (KM)Investment Cost
(U$ M)
Total
Land Cost (U$.M) Remarks
POTENTIAL PROJECTPOTENTIAL PROJECT
Potential Projects
1 PEKANBARU - KANDIS - DUMAI 135.00 52.92 941.81 Suggestion to Built by Government
2 MANADO - BITUNG 46.00 85.30 625.79 Suggestion to Built by Government
3 KISARAN - TEBING TINGGI 60.00 18.96 588.76 Feasibility Study
4 BUKIT TINGGI - PADANG PANJANG- LUBUK ALUNG - PADANG 55.00 18.96 1,140.72 Feasibility Study
5 TERBANGGI BESAR - MENGGALA - PEMATANG PANGGANG 100.00 27.54 644.51 Feasibility Study
6 BAKAUHENI - TERBANGGI BESAR 100.00 56.87 914.36 Feasibility Study
7 CILEGON - BOJONEGARA 15.69 15.50 102.59 Feasibility Study
8 KAMAL - TELUK NAGA - BATU CEPER 32.00 146.55 400.33 Feasibility Study
9 GEDE BAGE - MAJALAYA - 100.36 Feasibility Study
10 SEMARANG - DEMAK 23.99 31.04 330.06 Feasibility Study
11 YOGYAKARTA - BAWEN 104.00 125.89 678.52 Feasibility Study
12 YOGYAKARTA - SOLO 40.49 56.70 259.81 Feasibility Study
13 BANDARA JUANDA - TANJUNG PERAK 23.00 81.25 560.88 Feasibility Study
14 PROBOLINGGO - BANYUWANGI 170.36 76.22 892.06 Feasibility Study
15 BATU AMPAR - MUKA KUNING - BANDARA HANG NADIM 25.00 - 245.32 Feasibility Study
930.53 793.70 8,425.89
Land Cost (U$.M) RemarksInvestment
Cost (U$. M)
No. Toll Road Length (KM)
Total
BUSINESS SCHEME OF TOLL ROAD (Article 43 (2) Law 38/2004 Concerning Road and Article 19-23 Government Regulation 15/2005 Concerning Toll Road)
b
a
Example:Case 1: BOT for Toll Road CommonlyCase 2: Akses Tanjung PriokCase 3: PPP Solo – Kertosono Toll Road
EIRR TOLL ROAD (+)EIRR TOLL ROAD (+)c
Feasible to be built if EIRR value is positive
Feasible to be built if EIRR value is positive 1) BOT : FIRR (+)
a+b+c : Private Company
2) DBO/DBL : FIRR (-)a+b : Government c : Private Company
3) PPP : FIRR (Marginal)a+b : Governmentb+c : Private Company
On GoingOn Going
• Link : 20 Link• Length : 736.62 km• Investment :
U$. 7,074.31 M
• Link : 20 Link• Length : 736.62 km• Investment :
U$. 7,074.31 M
• Link : 1 Link• Length : 9.48 km• Investment :
U$. 262.71 M
• Link : 1 Link• Length : 9.48 km• Investment :
U$. 262.71 M
• Link: 2 Link• Length : 179.00 km• Investment :
U$. 902.83 M
• Link: 2 Link• Length : 179.00 km• Investment :
U$. 902.83 Ma : Land Acquisitionb : Constructionc : Operation and Maintenance
a : Land Acquisitionb : Constructionc : Operation and Maintenance
BUSINESSPREPARATION
TOLL ROADBUSINESSTENDER
FUNDINGDETAILED
ENGINEERINGDESIGN
LANDACQUISITION
CONS-TRUCTION
OPERATI-ONAL
+MAINTE-NANCE
CON-CESSION
TAKE OVER
GENERAL NETWORK PLAN
TOLL ROAD PLANNING POLICY
TOLL ROAD PLAN
1
2
3
4 5 6 7 8 9 10 11
PPJT TARIFTOL
13
Macro Stage of Toll Road Business
Conducted by Bina Marga
Conducted by Indonesia Toll Road AuthorityConducted by Toll Road Company
14
1. Fundamentals of changes, among others:
a. Government support in the form of contributions should be listed in the state budget fiscal / budget
b. Government can provide support in the form of procurement of land, part of construction permits, and tax incentives
c. Procurement of land held by the government before the procurement process Enterprises
d. Government guarantees in the form of financial compensation or other form of permission to the Ministry of Finance
2. Follow up the new Presidential Regulation No. 13 Year 2010, mandates the evaluation of 24 concession toll roads to toll road management assurance, including evaluation financial capability of the concessioner and evaluation of project feasibility, and also possible existence of government support in the form of land acquisition and /or part of the construction
Note :
During the evaluation process of managing 24 toll roads, the possibility entrance of new investors in managing 24 toll roads through the principle of "Business to Business" with existing investors.
THIS IS A NEW PRESIDENTIAL REGULATION NO.13/2010 THAT CONTAINS:
INDONESIA TOLL ROAD AUTHORITYMINISTRY OF PUBLIC WORKS
Jalan Iskandarsyah Raya No. 35Kebayoran Baru, Jakarta Selatan
Phone: (62-21) 7258076Fax : (62-21) 7257126http://www.bpjt.net/