Changi Airports International (CAI), a subsidiary of Singapore’s Changi Airport Group, and the PT Cardig Aero Service (CAS Group) air transportation service company have been awarded by the Government of Indonesia to manage, develop, and operate the Komodo Airport in Labuan Bajo, East Nusa Tenggara.
The airport facility is located on Flores Island and is considered as the gateway to the highly popular Komodo National Park as it lies east of Komodo Island.
The consortium has won the public-private partnership (PPP) tender for the Komodo Airport expansion project with an estimated investment to value up to IDR1.2 trillion (US$ 85.82 million). The winning bid will host the airport for 25 years.
The Indonesian government expects that the with the private consortium taking the lead in the airport facility, it will enhance the passenger traffic at Komodo Airport from 500,000 passengers per year at present to 4 million passengers by 2044. The consortium will expand the domestic terminal and developing an international terminal, as well as by extending its runway and apron.
Country updates
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December 10, 2019
CPPIB acquired 45% in Cipali toll road concessionaire PT Lintas Marga Sedaya
Canada Pension Plan Investment Board (CPPIB) has acquired 45% interest in PT Lintas Marga Sedaya, the concession holder and operator of the Cikopo-Palimanan (Cipali) toll road in Indonesia from PLUS E...
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November 08, 2019
US government to invest in world’s longest subsea telecommunications cable
The Overseas Private Investment Corporation (OPIC), the U.S. Government’s development finance institution, announced that it plans to work with Trans Pacific Networks (TPN) to support the world&...
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November 08, 2019
ADB and WEF to accelerate finance into sustainable infrastructure in Southeast Asia
The Asian Development Bank (ADB) and the World Economic Forum (WEF) earlier this week signed an agreement to accelerate the flow of public and private finance into sustainable infrastructure in Southe...
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October 23, 2019
Market sounding for Singkawang Airport development project
The government of Indonesia offered Singkawang airport for private investment in a market sounding event in Jakarta. The airport is set to be awarded through a public-private partnership mode. The dev...
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September 27, 2019
JICA and IFC to give loans and advice Waste-to-energy project in West Java
The International Finance Corporation (IFC) and Japan International Cooperation Agency (JICA) will give loans of USD 245 million for development of Legok Nangka waste treatment project in West Java, I...
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