INVESTMENT PROJECT ANALYSIS FOR THE DEVELOPMENT OF FINAL WASTE PROCESSING AND TREATMENT FACILITY (TPPAS) FOR WEST JAVA PROVINCE THROUGH PUBLIC PRIVATE PARTNERSHIP (PPP) SCHEME (CASE STUDY: TPPAS REGIONAL PROVINSI JAWA BARAT WILAYAH CIAYUMAJAKUNING)
Urban areas face challenges due to population growth and increased urban activity in sectors like housing, industry, and trade. One such issue is the growing amount of waste produced. Indonesia's waste problem has been getting worse every year. Due to the increasing difficulty in locating la...
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| Format: | Theses |
| Language: | Indonesia |
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| Online Access: | https://digilib.itb.ac.id/gdl/view/86558 |
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| Institution: | Institut Teknologi Bandung |
| Language: | Indonesia |
| Summary: | Urban areas face challenges due to population growth and increased urban activity in
sectors like housing, industry, and trade. One such issue is the growing amount of waste
produced. Indonesia's waste problem has been getting worse every year. Due to the
increasing difficulty in locating land for landfill sites (TPAs), several neighboring cities
and counties have developed shared landfill procurement and utilization (Regional
Landfills). The government bears the responsibility and obligation of providing
infrastructure, which includes final waste disposal sites. But there is a financial gap
that needs to be filled due to the limitations on funding for infrastructure development.
Because of this, the government intends to use a Public-Private Partnership (PPP)
program to involve the private sector and relieve financial pressure on the provision of
public infrastructure.
Investment analysis was conducted to examine the financial projection of this project
using capital budgeting analysis. There are three scenarios in this project: scenarios
with funding using VGF, using AP, and from the private sector. The results show that
the scenario using 60% VGF is the best or most optimal scenario. The resulting NPV
value shows a positive figure of Rp 104,639,009,004. The payback period will occur
7.79 years after the project begins. The resulting Internal Rate of Return (IRR) is
19.15%, which is higher than the Weighted Average Cost of Capital (WACC) of
11.36%. It can be concluded that the development project of the Regional Waste
Processing Site (TPPAS) in West Java is financially feasible.
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