Foreign Companies Eye Airport Management Projects in Indonesia: Minister’s Top Aide

JAKARTA, KOMPAS.com – Foreign investors have expressed interest in investing in several airport management projects in Indonesia, the State-Owned Enterprises Minister’s top aide said on Monday.

Arya Sinulingga said the investment will be placed in the new-established sovereign wealth fund Indonesia Investment Authority (LPI).

“We know that several investors from other countries are interested in our airport management projects such as in Soekarno-Hatta, Kualanamu,” said Arya during a webinar on December 28.

“The policy from State-Owned Enterprises Minister Erick Thohir is that the investment will be injected through the subsidiary companies under state airport operator Angkasa Pura, which still owns the majority of the shares,” the special staffer said.

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Arya explained that later Angkasa Pura II will still hold the majority of the shares in the joint venture. He said that the investors and the state-owned enterprises could work together in the airport management projects.

Reuters previously reported that Indonesia has handed over development and operatorship for 25 years of Komodo airport on Flores island to a consortium of PT Cardig Aero Services and Singapore’s Changi Airports International Pte Ltd.

It marked the first-ever consortium involving a foreign company to operate an airport in Indonesia, said Finance Minister Sri Mulyani Indrawati.

(Writer: Akhdi Martin Pratama | Editor: Yoga Sukmana)

Source: https://money.kompas.com/read/2020/12/28/143000426/investor-asing-tertarik-kelola-bandara-soekarno-hatta-dan-kualanamu.