A Chinese State-Owned Enterprise is expected to finance the development of the North Bali Airport.
The North Bali Airport is slated to be an alternative solution for the expected influx of tourists once the pandemic ends. It will be developed by two different corporations: PT Panji Sakti (PT BIBU) and China Construction First Group Corp.Ltd (CCFG), a Chinese state-owned enterprise.
The President of PT BIBU, Erwanto Sad Adiatmoko Hariwibowo, confirmed that both corporations signed an MoU regarding the construction of North Bali Airport in Kubutambahan, Buleleng.
“We signed an agreement that CCFG will be the main contractor of this project. It is expected to finish by 2024,” Hariwibowo said on Thursday (6/1).
He also explained that this project was initiated in anticipation of the surge of international flights post-pandemic, as the existing airport located in southern Bali only has one available runway.
Meanwhile, the Chief Representative of CCFG for Indonesia, Sun Kelin, stated that the project would be financed with a turn-key scheme. “We’re ready to realize the airport people in northern Bali have been dreaming of,” Kelin said.
Following Presidential Decree Number 109/2020, North Bali International Airport is appointed as one of the National Strategic Projects to revive Bali tourism.
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