AP II cooperates with Indian operators to create “Rombak” Kualanamu equivalent from Soetta


The airport operator from India, GMR Airports Consortium, has officially entered into the development of the international airport Kualanamu Medan. PT Angkasa Pura II (Persero) alias AP II will enter into a strategic partnership for the development of this airport for the next 25 years.

This airport development strategic partnership program is valued at approximately $ 6 billion, or approximately Rs 85.2 trillion. Including investments from strategic partners of at least Rs.15 trillion.

AP II President Director Muhammad Awaluddin stated that GMR had announced its plan to expand Kualanamu International Airport to accommodate up to 54 million passengers by 25.

“Air traffic will increase, then there will be a technology and know-how transfer as well as an equity stake in Kualanamu International Airport,” said Awaluddin in his statement on Tuesday (November 23, 2021).

The GMR Airports Consortium is a strategic investor in the GMR Group from India. The company is also owned by the French Aéroports de Paris Group (ADP).

GMR Airport currently manages Indira Gandhi International Airport in New Delhi, Hyderabad International Airport in India, Bidar Airport in India and Mactan Cebu International Airport in the Philippines. The company is also developing Goa International Airport in India, Visakhapatnam International Airport in India and Crete International Airport in Greece.

AP II and the GMR Airports Consortium will become shareholders of the joint venture (JVCo), namely PT Angkasa Pura Aviasi. The company is the manager of Kualanamu International Airport. Specifically, AP II controls a majority of 51% of the shares in PT Angkasa Pura Aviasi, while the GMR Airports Consortium holds 49%.

Previously, AP II had also carried out a professional and transparent invitation to tender, in which various global companies participated in order to look for cooperation partners. After a series of tender processes, the GMR Airports Consortium was selected as the winner of the tender and became a development partner of Kualanamu Airport.

The winner of this tender is also determined by an evaluation process by a jury consisting of aviation experts, practitioners, academics and AP II, accompanied by a notary and the financial and development supervisory authority (BPKP).

BUMN II Deputy Minister Kartika Wirjoatmodjo stated that the strategic partnership between AP II and the GMR Airports Consortium would accelerate the development and increase the competitiveness of Kualanamu International Airport in ASEAN as 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,” said Kartika in the same statement.

“For existing assets as well as future asset development results from this collaboration, AP II will be 100% owned by AP II,” he said.

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(half / eds)