05 Apr 2019 TRANSPORTATION SECTOR
The first PPP scheme project in the Railway sector uses the Build Operate Transfer (BOT) / 'Build to Serah' scheme with an investment value of 1.1 trillion capital expenditures and 1.9 trillion operating costs and a concession period of 18.5 years. The project with this Availability Payment scheme will serve the South Sulawesi area covering 5 districts / cities, namely Maros Regency, Pangkajene Regency and the Islands, Barru Regency, Kota Makssar and Parepare City.
The Minister of Transportation, Budi Karya Sumadi, stated that this project is an achievement for the Ministry of Transportation because this project is the first project to use a new financing innovation scheme from the Government, namely PPP.
In this project, PT PII provides guarantees for several types of risks, namely the risk of delays in construction, the risk of late payment, political risk, and termination risk with a maximum guarantee of IDR 1 trillion against risks arising from the government and also in the future we hope that this project become a pilot project with a PPP scheme in the Railway sector
BACK TO PROJECT
Project Information |
|
Signing Project | 05 Apr 2019 |
Project Value (IDR) | IDR 1 Trillion |
CA | Ministry of Transportation |
Business Entity | PT Celebes Railway Indonesia |
Characteristics | Mainline 127 Kilometers |
Schemas | Build Operate Transfer (BOT) |
Duration Of Guarantee | 14 Years |
Location | Makassar - Parepare |