Excitement! Kualanamu airport for sale to India, these are the facts

Bisnis.com, JAKARTA – An opinion was circulating on social media that Kualanamu Airport sold to India by the government.

First, Said Didu, former Secretary of State Enterprise Ministry, said that there had been some form of selling shares in the management of Kualanamu Airport to foreign parties.

“Read the official statement from AP II that the management of Kualanamu Airport will be in the form of a joint venture and a new company, which means that there has been a sale of shares. If JO doesn’t have a share sale, ”he wrote on his Twitter account. @msaid_didu, quoted on Friday (November 26th, 2021).

The management of airports and ports that prevail in the world, in his opinion, has to do with two main areas, namely government and business authorities. The presence of state authority means that its management should not be turned over to foreign parties.

He added that releasing stocks no longer means selling assets Joint operation. Allegedly, the parties put in capital to manage the facilities and share the profits in accordance with the agreement so there is no transfer of shares.

The declaration was written in connection with the announcement of PT Angkasa Pura II (Persero) or AP II the day before about the choice of the GMR Airports consortium as a strategic partner for the development Kualanamu Airport with a minimum investment of IDR 15 trillion.

AP II President Director Muhammad Awaluddin stated that the management and development of Kualanamu International Airport is under a strategic partnership program for a period of 25 years with a cooperation value of around 6 billion US dollars including investments from strategic partners of at least 15 Rp trillion.

“After a series of tendering procedures, the GMR Airports Consortium was selected as the winner of the tender,” said Awaluddin in a press release on Wednesday (November 24th, 2021).

He stated that this strategic partnership program will pool the resources of AP II and strategic partners to accelerate the development of Kualanamu International Airport into the premier international hub and gateway and business district in western Indonesia.

AP II and GMR Airports Consortium become shareholders in Joint venture (JVCo), namely PT Angkasa Pura Aviasi, which manages Kualanamu International Airport. AP II controls a majority of 51 percent of the shares in PT Angkasa Pura Aviasi, while the GMR Airports Consortium holds 49 percent.

Meanwhile, Armand Hermawan, director of transformation and strategic portfolio for AP II, said this strategic partnership will jointly manage and develop Kualanamu International Airport in Deli Serdang, North Sumatra. This partnership, he pointed out, is not a transaction to sell any shares or assets in Kualanamu International Airport.

“There is no sale of any assets or interests in Kualanamu International Airport. The ownership of Kualanamu International Airport and its assets will remain 100 percent owned by AP II, ”he said in a press release on Friday, November 26th, 2021.

Armand stated that the joint venture they run will only lease assets to AP II that will be managed for 25 years. After the cooperation period expires, JVCo will no longer be authorized to manage Kualanamu International Airport and all assets resulting from the development will be returned to AP II. Partnerships can be understood as leasing contracts with tenants at airport terminals.

The Special Staff of the Minister of State Enterprises Arya Sinulingga responded to the view that Kualanamu Airport, which is an AP II asset, has been sold to foreign parties.

“AP II Kuala Namo assets for sale ??? Let me explain, because when the heart is blind, the mind loses intelligence cc @msaid_didu #KualanamoUntung,” wrote Arya on Twitter @AryaSinulingga, quoted on Friday (November 26th, 2021).

He stated that AP II and its subsidiary PT Angkasa Pura Aviasi have hired the GMR Airports Consortium partner to manage Kualanamu Airport. The GMR Airports Consortium is now a strategic investor owned by the GMR Group from India and the Aéroports de Paris Group (ADP) from France.

Arya added that as a result of this collaboration, the composition of PT Angkasa Pura Aviasi’s shares became 51 percent majority owned by AP II and 49 percent by strategic partner GMR.

The cooperation program requires the management of airports with the KNO code for 25 years with a Build-Operate-Transfer or BOT system. Later, after 25 years, the assets will be returned to AP II.

“So the assets still belong to AP II, not the assets sold, so it would be wrong to say there was an asset sale,” he said.

AP II, he continued, will receive two benefits, the first will receive Rs 1.58 trillion funding from GMR. The second benefit is that Kualanamu will be built and developed with IDR 56 trillion in the first phase with IDR 3 trillion.

As a result, AP II doesn’t have to spend Rs 58 trillion on development Kualanamu Airport, but was carried by the partner. On the other hand, AP II funds of IDR 1.58 trillion can be used to develop and build new airports in Indonesia.

“This is known as strengthening assets without losing assets, even assets have increased many times,” he said.

Check out the selected videos below:

Premium content

Login Register