PEMBAYARAN BERKALA BERBASIS LAYANAN PROVIDED BY THE GOVERNMENT OF INDONESIA FOR BAYUNG LENCIR – TEMPINO – SIMPANG NESS TOLL ROAD

• Main Author: Winfried, Ariel
• Format: Theses
• Language: Indonesia
• Subjects: Manajemen umum
• Online Access: https://digilib.itb.ac.id/gdl/view/85829
• Institution: Institut Teknologi Bandung

In 2020, PT Hutama Karya (Persero), a state-owned enterprise mandated by the GOI to build the Trans Sumatra Toll Road, appointed a private consultant to conduct a feasibility study for the proposed construction of the Betung – Tempino – Jambi Toll Road. However, due to the low traffic volume in the Jambi Province, the toll road was deemed financially not feasible to be developed. Given the substantial costs required for the development of the Betung – Tempino – Jambi Toll Road, this toll road segment was divided into several sections. The Bayung Lencir – Tempino – Simpang Ness Toll Road, which stretches 52 kilometers, is a part of the Betung – Tempino – Jambi Toll Road prioritized for construction and operation. According to Presidential Regulation of the Republic of Indonesia Number 131 of 2022, a funding scheme known as Service-Based Periodic Payments/Pembayaran Berkala Berbasis Layanan (PBBL) shall be provided to PT Hutama Karya (Persero) to enhance the financial feasibility and to ensure the funding, technical planning, construction execution, operation, and maintenance of the toll road. This study will analyze and evaluate the financial feasibility of the Bayung Lencir – Tempino – Simpang Ness Toll Road before and after the implementation of PBBL provided to PT Hutama Karya (Persero) during the estimated duration of toll road concession for 50 years. The duration of the PBBL granted by the Government of Indonesia to PT Hutama Karya (Persero) is 15 years, with an annual payment of 880 billion Rupiah allocated for this toll road segment. Several financial feasibility indicators will be utilized for this research, namely Net Present Value (NPV), Internal Rate of Return (IRR), Payback Period (PP), Discounted Payback Period, and Profitability Index (PI). Based on the financial feasibility analysis without PBBL, the results indicates that the project is not yet financially viable. On the other hand, the financial feasibility analysis after PBBL implementation shows that the project is financially feasible. Therefore, PT Hutama Karya (Persero) shall develop the Bayung Lencir – Tempino – Simpang Ness Toll Road with PBBL scheme that provided by the GOI.