Indonesia Releases 49 Percent Of Kualanamu Airport Shares To Foreigners, Staff Of Erick Thohir Calls This Country Still Profits Trillions

JAKARTA - The Ministry of State-Owned Enterprises (BUMN) recorded two benefits obtained by PT Angkasa Pura II (Persero) or AP II from the release of 49 percent of shares in a foreign company from India-France, GMR International Airport. Meanwhile, AP II owns 51 percent of its shares.

Special Staff to the Minister of SOEs Arya Sinulingga said that the release of the shares was in the form of cooperation in the management of Kualanamu International Airport, Deli Serdang, North Sumatra.

Arya said, the state-owned company's cooperation scheme with GMR Airport International uses a building to transfer or build operate transfer (BOT) scheme. There are two advantages to this collaboration.

"AP II will get two benefits, it will get fresh funds of Rp. 1.58 trillion from GMR and the construction of Kualanamu from GMR of Rp. 56 trillion with the first phase of Rp. 3 trillion," he told reporters, Friday, November 26.

Arya said that the funds obtained by AP II of Rp1.58 trillion could be used to build other airport infrastructure under the management of the company.

"This is called empowering assets without losing assets. In fact, the assets have grown many times over," he explained.

For your information, GMR Airport Consortium is listed as AP II's strategic partner to jointly manage and develop Kualanamu International Airport. GMR Airport Consortium was chosen as a partner after conducting a series of professional and transparent tender processes.

Arya said the cooperation with the BOT scheme has a period of 25 years. After the cooperation contract ends, all fixed assets are returned to AP II.

"So, the assets still belong to AP II, not the assets sold. It would be wrong to say that there was an asset sale," he said.