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  • AP II Issues Final Documents for Kualanamu Airport Prospective Partner Proposal

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Latest news about PT Angkasa Pura II (Persero)

AP II Issues Final Documents for Kualanamu Airport Prospective Partner Proposal

16 Jul 2020

Moreover, he added, the advantages of this strategic partnership scheme could bring foreign direct investment (FDI) to Indonesia, consisting of capital expenditure commitments and upfront payments from strategic partners.

Meanwhile, AP Director of Transformation and Strategic Portfolio Armand Hermawan said that the announcement of preferred bidders would be made on December 23, 2020.

"AP II holds a 51% stake in PT Angkasa Pura Aviasi so that it retains full control related to the development and management of Kualanamu International Airport," explained Armand Hermawan.

He said, the development that will be carried out by AP II and strategic partners at Kualanamu Airport, include increasing passenger capacity from the current 9 million passengers per year to 17 million passengers per year (phase I), 30 million passengers per year (stage II) , and 42 million passengers per year (stage III). As for the total up to phase III, the capital expenditure needed for development is IDR 12 trillion.

"In the first phase of development, the required capital expenditure (capital expenditure / capex) of around Rp3 trillion, of which 49% or around Rp1.4 trillion is the obligation of strategic partners," said Armand Hermawan.

In addition to the expansion of terminal capacity, said Armand, the development of Kualanamu Airport also leads to the concept of aerotropolis with various commercial buildings on 200 hectares of land including theme parks, logistics parks, factory outlets, maintenance overhaul (MRO) facilities, and trade complexes.

Source: Investor Daily