scholarly journals Development of institutional funding model of deep discount bond and land lease on a toll road project

2018 ◽  
Vol 159 ◽  
pp. 01016 ◽  
Author(s):  
Randika Dwirahman ◽  
Yusuf Latief ◽  
Ayomi Dita Rarasati
Keyword(s):  
Corporate Finance ◽  
Success Factors ◽  
Toll Roads ◽  
State Budget ◽  
Toll Road ◽  
Funding Model ◽  
Road Project ◽  
Institutional Funding ◽  
Management Institutions ◽  
Institutional Success

Toll road is one of the most important parts of connectivity infrastructure. However, the current length of the existing toll roads is still not sufficient compared to the increasing number of vehicles in Indonesia. Nevertheless, the needs for infrastructure funding including for toll roads are not comparable to the availability of state budget. Innovations in funding schemes were required to meet such needs such as Deep Discount Bond (DDB) and Land Lease (LL). To ensure these schemes are running appropriately, an institutional funding model is needed to organize the stakeholders involved. Therefore, five institutional funding models were developed based on the conditions of the DDB issuer (project or corporate finance), LL executor [State Assets Management Institutions (LMAN) or Special Purpose Company (SPC)], and the number of SPC in the models. In addition, ten institutional success factors were identified. Data was collected using in-depth interviews consisting of three parts and analyzed using the Relative Importance Index to rank the institutional success factors found and using the Multi Criteria Analysis to choose the most effective institutional funding model. The institutional success factors that were found to have great values were those related to Government. At the same time, the most effective funding model is a corporate finance scheme, where LL is executed by LMAN, and a single SPC is used.

scholarly journals ANALISIS RISIKO PELAKSANAAN PEMBANGUNAN JALAN TOL BENOA – BANDARA – NUSA DUA

2015 ◽  
Author(s):  
Ni Putu Mega Astiti ◽  
I N. Norken ◽  
IBN. Purbawijaya
Keyword(s):  
Risk Mitigation ◽  
Road Construction ◽  
Risk Category ◽  
Toll Roads ◽  
Negative Consequences ◽  
Implementation Phase ◽  
Toll Road ◽  
Road Project ◽  
Risk Handling ◽  
The Cost

Benoa-Bandara-Nusa Dua toll road project is the first toll road project in Bali. This highway connects region Nusa Dua with Benoa Harbour area. Construction of toll roads-Benoa-Bandara-Nusa Dua is claimed as the fastest highway development in Indonesia as completed within 14 months. With time so short that the implementation of development it is necessary to research on the risks that arise in the implementation phase of the construction of the toll road The existence of the risks that arise in the implementation of toll road construction will directly impact the cost and development time. It is necessary in order to study the risks that might occur notably members of the dominant risk category can be used as a basis for decision making by the parties concerned to overcome the negative consequences that occur in the construction of toll roads. The research was conducted by means of interviews with various parties and has expert competence in the implementation of toll road construction to determine how the possibility (likelihood) against a variety of risks and to determine how much influences (Consequences) risk. The number of risks identified in this study was as many as 54 risks. The distribution of revenue risk of the project is a total of 18 (33.33%) classified as unacceptable risk, 25 (46.29%) classified as undesirable risk, 9 (16.67%) classified as acceptable risk, 2 (3.7%) classified as negligible risk. Handling risk (risk mitigation) is only performed on the dominant risks are risks that are categorized as unacceptable and undesirable. Risk mitigation conducted on a total of 18 risk unacceptable risk. 25 risk mitigation undesirable risk. Based on the results of this mitigation is then performed risk management ownership (ownership of risk) to the parties involved in the implementation of toll road construction project.

scholarly journals Analisis Waktu dan Biaya Perbandingan Erection Box Girder Menggunakan Metode Crane dan Launcher

2021 ◽  
Vol 18 (2) ◽  
pp. 100-112
Author(s):  
Bunga Islami Fortuna ◽  
I Ketut Sucita ◽  
Rikki Sofyan Rizal
Keyword(s):  
Cost Analysis ◽  
Secondary Data ◽  
Toll Roads ◽  
Box Girder ◽  
Project Completion ◽  
Toll Road ◽  
Road Project ◽  
Implementation Method ◽  
The Right ◽  
Work Method

The most important thing in the construction of toll roads, especially elevated toll roads, is the erection girder. The implementation of this erection girder certainly requires a long time and a large cost, so it requires the right work method in its implementation. The construction of the X Section A Toll Road Project is the construction of an elevated toll road where its implementation is limited by time and cost so that it requires the right work method to achieve timely and cost-efficient project completion. The girder used in this project is a box girder with the implementation method using the crane and launcher method. This study aims to analyze the time and cost of comparing the implementation method of erection box girder using cranes and launchers to obtain a more efficient and effective implementation method. This research was conducted through field observations to observe the erection box girder time and collect secondary data regarding the method of implementing erection box girder. The analysis carried out in this study includes time calculation analysis by calculating the average time value of the erection box girder implementation using statistical formulas and cost analysis carried out by referring to the PUPR Ministerial Regulation Number 28/PRT/M/2016 concerning Analysis of Unit Prices for Public Work. Based on the outcomes of the calculation of time and cost analysis, the duration of the erection box girder with the crane method is 70.65 minutes and requires a cost of Rp 23,769,579 and the launcher method takes 48.12 minutes and costs Rp 11,834,500. Thus, it can be seen that the more efficient and effective erection box girder method is the launcher method with a cost difference of Rp 11935,079 and 32% efficiency. when compared to the crane method.

scholarly journals KAJIAN TARIF JALAN TOL MEDAN-KUALANAMU-TEBING TINGGI

2019 ◽  
Vol 19 (2) ◽  
pp. 87-92
Author(s):  
Amrizal . ◽  
Aldy Bashari
Keyword(s):  
Willingness To Pay ◽  
Financial Analysis ◽  
Toll Roads ◽  
Ability To Pay ◽  
Toll Road ◽  
Road Users ◽  
Return On Capital ◽  
Road Project ◽  
Capital Return

Abstract Medan-Kualanamu-Tebing Tinggi Toll Road is a series of toll roads that connect Medan City, Kuala Namu Airport, and Tebing Tinggi City. In this study, an analysis of the ability to pay and the willingness to pay of toll road users and financial analysis were performed to determine the feasibility of this toll road project. The analysis shows that the ability to pay and the willingness to pay of the toll road users reach the same value for a tariff of Rp600.00 per km. By using the current tariff, which is Rp1,000.00 per km, the project's capital return is estimated to occur in 2027. Meanwhile, if a tariff of Rp600.00 per km is applied, the toll road project is still financially viable, with a return on capital expected to occur in 2019. Keywords: toll road, toll tariff, ability to pay, willingness to pay, financial analysis  Abstrak Jalan Tol Medan-Kualanamu-Tebing Tinggi adalah rangkaian jalan tol yang menghubungkan Kota Medan, Bandar Udara Kuala Namu, dan Kota Tebing Tinggi. Pada studi ini dilakukan analisis kemampuan membayar dan kerelaan membayar pengguna jalan tol tersebut serta analisis finansial untuk menentukan kelayakan proyek jalan tol ini. Hasil analisis menunjukkan bahwa kemampuan membayar dan kerelaan membayar pengguna jalan tol mencapai nilai yang sama untuk tarif sebesar Rp600,00 per km. Dengan menggunakan tarif yang berlaku saat ini, yaitu Rp1.000,00 per km, pengembalian modal proyek ini diperkirakan terjadi pada tahun 2027. Sementara itu, bila digunakan tarif sebesar Rp600,00 per km, proyek jalan tol ini masih layak secara finansial, dengan pengembalian modal diperkirakan terjadi pada tahun 2019. Kata-kata kunci: jalan tol, tarif tol, kemampuan membayar, kerelaan membayar, analisis finansial

scholarly journals Pengaruh Pembebasan Tanah terhadap Keterlambatan Proyek Pembangunan Jalan Tol Studi Kasus: Jalan Tol Cinere-Jagorawi Seksi II B

2020 ◽  
Vol 25 (2) ◽  
pp. 191
Author(s):  
Ovie Lativatul Khofiyah ◽  
Ida Ayu Ari Angreni
Keyword(s):  
Public Procurement ◽  
Influential Factor ◽  
Land Acquisition ◽  
Late Data ◽  
State Budget ◽  
Internal Factors ◽  
Toll Road ◽  
The Third ◽  
Road Section ◽  
Road Project

Land acquisition for Cinere-Jagorawi toll road section II B should be completed in 2010, but till now (status 15 June 2017) from the need of 17.6 HA, only 16,1353 HA or 91,677% are free. Progress of land acquisition resulted in progress deviation of construction. This study aims to analyze the effect of land acquisition which is resulted in the performance of Cinere-Jagorawi toll road project of section II B late. Data was collected by spreading questionnaires related to the stages and technical implementation of land acquisition, internal factors and external factors inhibiting land acquisition to respondents from Ministry of PUPR, BPN Depok, and community. The result of analysis using regression analysis obtained X15, X17, and X33 as the best variable. The conclusion is, X15 (Funding for public procurement is sourced from the State Budget) with a coefficient of 0.34 as the first influential factor, X17 (Data collection of land status and its document) with the coefficient of 0.257 as the second influential factor, and X33 (Limitations of time for BPN in handling land procurement due to the amount of land to be acquired) with the coefficient of 0.146 as the third influential factor.

scholarly journals Pelanggaran Kecepatan Kendaraan pada Ruas Jalan Tol Cipularang. (Hal. 39-49)

2019 ◽  
Vol 5 (1) ◽  
pp. 39
Author(s):  
Rizki Intan Mauliza ◽  
Tania Bonita Sabrina ◽  
Wahyu Maulana
Keyword(s):  
Search Method ◽  
Primary Data ◽  
Maximum Speed ◽  
Speed Limit ◽  
Toll Roads ◽  
Passenger Cars ◽  
Passenger Car ◽  
Average Speed ◽  
Toll Road ◽  
Road Speed

ABSTRAKSalah satu faktor penyebab kecelakaan yang signifikan adalah tidak sesuainya kecepatan kendaraan dengan kondisi jalan, lingkungan dan kegiatan, dalam hal ini adalah kecepatan yang terlalu tinggi. Jalan tol/jalan bebas hambatan merupakan salah satu jalan yang berpotensi memiliki banyak pelanggaran dalam kecepatan kendaraan. Batasan kecepatan jalan tol telah di atur dalam PM Hub 111/2015 yaitu 40 km/jam untuk tol dalam kota dan 60 km/jam - 100 km/jam untuk tol luar kota. Untuk memastikan kecepatan rata-rata kendaraan dan menentukan tingkat pelanggaran kendaraan yang melintasi ruas jalan tol Cipularang maka penelitian menggunakan metode pengumpulan data primer/pengamatan secara langsung. Hasil analisis secara keseluruhan didapatkan bahwa rata-rata kecepatan kendaraan mobil penumpang sebesar 88 km/jam, truk 62 km/jam dan bus 72 km/jam dengan persentasi kecepatan rata-rata untuk mobil penumpang, truk dan bus berturut-turut sebesar 43%, 5% dan 22%. Hal ini menunjukan terdapat pelanggaran batas kecepatan maksimum untuk kendaraan mobil penumpang dengan prosentase yang tinggi (lebih dari 30%) atau kecepatan rata-rata lebih dari 80 km/jam.Kata kunci: kecelakaan, batas kecepatan, jalan tol ABSTRACTOne factors of a significant accident is not according to the speed of the vehicle with the environment, environment and activities, in this case the speed is too high. Toll road / freeway is one of the roads that has many roads in the vehicle. The toll road speed limit has been set in PM Hub 111/2015, which is 40 km/hour  for city tolls and 60 km/hour  100 km/hour for out-of-city toll roads. To determine the average speed of a vehicle and determine the level of the vehicle passing through the Cipularang toll road, the study uses the primary data / direct search method. The overall analysis results are obtained that the average speed of passenger car vehicles is 88 km/hour, trucks 62 km/hour and buses 72 km/hour with the percentage of average speed for passenger cars, trucks and buses being helped-along by 43%, 5% and 22%. This shows the maximum speed limit for passenger car vehicles with a higher percentage (more than 30%) or an average speed of more than 80 km/hour.Keywords: accidents, speed limits, toll roads

scholarly journals Penerapan Fahp Pada Pemilihan Metode Pelaksanan Erection Box Girder

2020 ◽  
Vol 19 (1) ◽  
pp. 87-98
Author(s):  
Agung Budi Broto ◽  
Dul Azis Mei Maulana
Keyword(s):  
Decision Making ◽  
Implementation Process ◽  
Assessment Process ◽  
Box Girder ◽  
Work Quality ◽  
Toll Road ◽  
A Value ◽  
Road Project ◽  
Implementation Time ◽  
Process Work

Many parties are involved in a construction project, so in deciding a method of implementing the box girder erection many criteria are taken into consideration. Consequently, decision making is not easy for decision makers. A simple, frequently-used, and popular method for decision making is Fuzzy-Analytical Hierarchy Process (F-AHP) which is designed to overcome the problem of multi criteria decision making (MCDM) in the subjective assessment process. This study aims to obtain the correct method of implementing the box girder erection to be used. Based on previous research, the criteria for determining box girder erection method are the criteria for job risk, work quality, implementation time, implementation process, work safety, and work costs. The alternatives compared are the tandem crane method and the launching gantry method. The data in this study were collected through questionnaires distributed to the expert parties involved in Jakarta - Cikampek II Elevated Toll Road Project. F-AHP analysis is based on the weighting  of quantitative criteria as a result of normalized calculations and qualitative criteria from the results of the respondents questionnaires which were then made pairwise comparisons assisted by Microsoft Excel software. The results of the analysis show that the occupational safety criteria are the most influential criteria with a weight of 0.454, then followed by job risk criteria (0.169), implementation time (0.119), work quality (0.114), implementation process (0.084), and work costs (0.061). The most appropriate method used in the work of the box girder erection at Jakarta - Cikampek II Elevated Toll Road Project is a launching gantry method with a value of 0.597, while the tandem crane method has a value of 0.403.

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