#TITLE_ALTERNATIVE#

• Main Author: ADHLAN YUDHATAMA - Nim: 29116019 , RIFKY
• Format: Theses
• Language: Indonesia
• Online Access: https://digilib.itb.ac.id/gdl/view/30473
• Institution: Institut Teknologi Bandung

<p align="justify">PT ABC is one of the largest construction company in Indonesia that mainly focused on the infrastructure sector. Currently, the ongoing project is Light Rail Transit in Bandung city. LRT Bandung established as a tool to facilitate the access from in or out to the 5 traditional markets (Pasar baru, Pasar Kosambi, Pasar Palasari, Pasar Ancol Karapitan, and ITC Kebon Kalapa). Viability Gap Funds – A fund that is granted over the infrastructure project by the local government, is not applied into this project. As a result, PT ABC face a problem in the project’s cash flows, which threaten the feasibility status. Therefore, there is a needs for application of policy, to support the sustainability of LRT Bandung. <br /> <br /> This research mainly aims to help the company in developing an appropriate policy. Obviously, determining the root cause, understanding company’s internal condition, and their industrial position is essential in the early stage of the research. Afterward, researcher will focus on the company proposed business scheme and how it is business scheme affect the financial feasibility tools, such as: Net Present Value, Internal Rate of Return, and Payback Period. The existence of this business scheme creates an alternatives that involve Local Government and PT XYZ (traditional market operator in Bandung). The first alternatives will focus on increasing the fare box tariffs. The second alternative is in a form of land usage rights granted from the local government, which will generate a land lease income. Since the LRT route is passed over the traditional markets managed by PT XYZ which later can increase the value of markets, then PT ABC will demand an income compensation from PT XYZ as it is represented in their third alternative. <br /> <br /> Finally, researcher will focus on the mixture of the three alternatives policy. The analysis made is considering on how increase in fare box tariff could affect the ability to pay of Bandung citizen, and lesser tariff will affect the income compensation amount that could burden PT XYZ financially. From the analysis, there will be a stipulation on how much tariff should be applied and how much income compensation should be given. <p align="justify"> <br />