ANALISIS KELAYAKAN PROGRAM PENGEMBANGAN PDAM KABUPATEN BANDUNG

• Main Author: Widianto, Hafil
• Format: Theses
• Language: Indonesia
• Subjects: Manajemen umum
• Online Access: https://digilib.itb.ac.id/gdl/view/5533
• Institution: Institut Teknologi Bandung

<b>Abstract :</b><p align=\"justify\">\"I he purpose of this thesis is to review and analyze the feasibility of Development Program of PDAM Kabupaten Bandung at Majalaya because of the economic crisis which was started in the mid 1997\'s and still going on up till now.The development program which was planned to be implemented from fiscal year 1997/1998 to 2000/2001, has been influenced by that crisis so the budget increased about 54,5%, from Rp 17,027 billions previously up to Rp 26,309 billions. Based on that new budget, the company willing to finance 50,93%(Rp 6,651 billions will be lended by The Central Government and Rp 6,747 billions should be generated from the internal cash flows), and the rest 49.07% as grant from The Central Government and The Local Government. <br /> While implementation phase is going on at Majalaya, the company still has liability of the investment at Cimahi that should be paid until the year of 2006 and should also prepare financing for the development program at Soreang. Based on that reasons, reviewing and analyzing is needed for the financial feasibility by Capital Budgeting Technique, and for the other aspect such as. technical, marketing, management/organization. Beside that, analyzing of company\'s cash flows during grace period up to the repayment period of Majalaya also needed to know the capability for financing. <br /> Capital Budgeting Technique which used for this case was: Pay Back Period, Net Present Value (NPV), and Internal Rate of Return (IRR). <br /> The technical analysis showed that project at Majalaya would be one of the potential sources for increasing income, while market analysis showed that to increase customer target up to 14.000 connections can be achieved, as long as connection fees affordable to the consumers. <br /> Management/organization aspect were realized by forming the Implementation Unit assisted by Supervision Consultant to assure the construction works would be completed on time, have good quality, and by optimum financing.Financial analysis showed the feasibility of the development program with Pay Back Period: 6.88 years, NPV: Rp 7,806 billions, and IRR: 15,75%. <br /> The cash flow analysis showed that shortage will be happen from year 1998 to 2002 if the loan repayment of Cimahi and Majalaya been done as the original plan. So, the second scenario was needed by rescheduling repayment of principal of Cimahi, but Majalaya still on schedule. By this scenario we\'ve found only a shortage of cash flows in the year 2001. With some alternatives, this shortage can be solved. For instance, by delaying the payment of equity of Soreang for one year, or by arranging joint operation with the private company to operate and finance production units in Cimahi.