Merdeka.com – GMR Airports International as an airport operator from India smells the great potential of travel flights in Indonesia. This potential is strengthened by the existence of the 10 New Bali program or National Tourism Strategic Areas (KSPN) which the Government of Indonesia is currently working on.
“Indonesia has a well-known tourism potential. About 1-2 years ago we heard the Indonesian government wanted to create a program of 10 new Balis. One Bali is not enough, so 10 new Balis will be present,” said GMR International CEO Puvan Sripathy at Kualanamu Airport, North Sumatra, quoted on Saturday (1/1).
Seeing this opportunity, GMR Group immediately formed a joint venture with Aeroports de Paris Group (ADP) from France called GMR Airports Consortium.
This consortium already controls 49 percent of the shares in Kualanamu International Airport, which is projected to become a hub in South Asia and Southeast Asia.
“So the time is right, the location is right, the corporation is right, so we think this is the right time to do it,” said Sripathy.
In terms of location, Kualanamu Airport is also considered suitable as a connecting point between India and Indonesia, with a flight time of around 5-6 hours. In addition, market demand for flights in both countries is also high.
“So the potential of Kualanamu is open to everyone because of its location. This is the center point of Sumatra, and geographically it is in the middle of Greater Asia,” said Sripathy.
Therefore, the GMR Airports Consortium does not hesitate to enter into a contract with PT Angkasa Pura II (Persero), with an investment commitment of IDR 56 trillion in 25 years to develop Kualanamu Airport.
“That’s why we came to develop it even though the challenges are quite big. If we can overcome them, it will open up many opportunities for travel and business flights,” said Sripathy.
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Kualanamu Airport is Managed by an Indian Company, What Are the Benefits for Indonesia?
Indian company GMR Airports was selected as a strategic partner in managing Kualanamu International Airport in Deli Serdang, North Sumatra. The development is carried out with a strategic partnership scheme with a term of 25 years with a cooperation value of around USD 6 billion, including investments from strategic partners of at least Rp. 15 trillion.
The Special Staff of the Minister of State-Owned Enterprises (BUMN), Arya Sinulingga, confirmed that Angkasa Pura II has benefited from the management of Kualanamu Airport by GMR Airport. First, the Company will receive funds of Rp. 1.58 trillion from GMR.
Then the second benefit will be the construction and development of Kualanamu of Rp. 56 trillion. The first phase will be given by the Indian company in the amount of Rp. 3 trillion.
“This is called AP, it doesn’t need to spend Rp. 58 trillion for the development of Kualanamu, but it is borne by its partners,” said Arya in Jakarta Jakarta, Friday (26/11).
Arya added that the Rp 1.58 trillion fund given by GMR Airport could be used by AP II for the development and construction of new airports in Indonesia. “This is called empowering assets without losing assets, even if the assets are enlarged many times,” explained Arya.
In addition, Arya also clarified that this management has nothing to do with asset sales. He ensured that the assets of Kualanamu Airport remained with AP II, not being sold to GMR Airport.
“So it would be wrong to say there was a sale of assets,” said Arya.
For information, this strategic partnership scheme will combine the resources of AP II and strategic partners. So that it can accelerate the development of Kualanamu International Airport to become the main international hub and gateway as well as a business district in the western region of Indonesia.
AP II still controls the majority of 51 percent of the shares in PT Angkasa Pura Aviasi. Meanwhile, the GMR Airports Consortium is 49 percent.
Previously, Deputy Minister of BUMN II, Kartika Wirjoatmodjo said that the strategic partnership between AP II and global partners would accelerate the development and increase the competitiveness of Kualanamu International Airport in ASEAN, in line with the goal of Kualanamu International Airport to become an international hub.
The strategic partnership between AP II and global partners can strengthen the capital structure and strengthen the application of global best practices in the management and development of Kualanamu International Airport. The current assets, as well as the results of future asset development under this collaboration, will be fully owned by AP II.
“The success of this collaboration is a positive signal for Indonesia’s investment climate, especially in the air transportation sector. In addition, it is hoped that with the implementation of this collaboration, it can pave the way for other Foreign Direct Investment (FDI) to enter Indonesia,” said Tiko as he is familiarly known.
Reporter: Maulandy Rizki Bayu Kencana
Source: Liputan6
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