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PT Angkasa Pura II Issues Final Requests for Proposals to Prospective Strategic Partners at Kualanamu International Airport

15 Jul 2020

Developing Your Qualifications Requires IDR 12 trillion Capex

Jakarta - PT Angkasa Pura II (Persero) on July 14, 2020 has issued a Final Request for Proposal (RfP) to prospective strategic partners for Kualanamu International Airport.

The final RfP, which was published yesterday, at the same time amended, revised and updated the RfP that was issued on 10 February 2020 and revised on 3 June 2020.

Through this Final RfP, PT Angkasa Pura II invited potential strategic partners to take part in the auction process in the management of the operation and development of Kualanamu Airport.

Later, PT Angkasa Pura II and strategic partners will become shareholders in PT Angkasa Pura Aviasi, which is the manager of Kualanamu Airport.

PT Angkasa Pura II holds a 51% stake in PT Angkasa Pura Aviasi, while a strategic partner is 49%.

PT Angkasa Pura II President Director Muhammad Awaluddin said the company together with strategic partners will play a role in investing, developing, upgrading facilities, up to operating and maintaining Kualanamu International Airport within a period of 25 years.

"PT Angkasa Pura II is looking for a strategic partner to jointly advance and accelerate the development of Kualanamu International Airport. We are looking for global-class strategic partners to achieve 3E, namely Expansion the traffic: Increase international flight traffic, Expertise sharing: Sharing expertise in managing world-class airports, and Equity partnerships: Meeting funding needs quickly through strategic partnerships. "

"Together with strategic partners, we believe Kualanamu Airport can build a strong aviation network to position it as an international hub in western Indonesia with a variety of supporting infrastructure," said Muhammad Awaluddin.

Moreover, the advantages of this strategic partnership scheme can bring in Foreign Direct Investment (FDI) to Indonesia, consisting of capital expenditure commitments and upfront payments from strategic partners.

PT Angkasa Pura II Director of Transformation & Strategic Portfolio Armand Hermawan said that the announcement of preferred bidders will be made on December 23, 2020.

"PT Angkasa Pura 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," said Armand Hermawan.

Capital Expenditures
Development that will be carried out by PT Angkasa Pura II and strategic partners in Kualanamu include increasing passenger capacity from the current 9 million passengers / year to 17 million passengers / year (Phase I), 30 million passengers / year (Phase II), and 42 million passengers / year (Phase III).

"In Phase I development, the required capital expenditure [capital expenditure / capex] is around Rp3 trillion, of which 49% or around Rp1.4 trillion is the responsibility of strategic partners," said Armand Hermawan.

As for the total up to Phase III, the capital expenditure needed for development is IDR 12 trillion.

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