| Issue |
MATEC Web Conf.
Volume 270, 2019
The 2nd Conference for Civil Engineering Research Networks (ConCERN-2 2018)
|
|
|---|---|---|
| Article Number | 05001 | |
| Number of page(s) | 6 | |
| Section | Construction Engineering and Management | |
| DOI | https://doi.org/10.1051/matecconf/201927005001 | |
| Published online | 22 February 2019 | |
The risks of construction grant support in toll road investment faced by Indonesia's government
1
Construction Engineering and Management Research Group, Faculty of Civil and Environmental Engineering, Institut Teknologi Bandung, Bandung, Indonesia
2
Research and Development Centre of Residential and Housing, Ministry of Public Work and Housing, Bandung, Indonesia
* Corresponding author: irismahani1970@gmail.com
In order to increase the role of private sector in infrastructure implementation in Indonesia, the Indonesia government facilitates Public-Private Partnership (PPP), such as by providing Viability Gap Funding (VGF) in the form of construction grants. Some projects get a construction grant but in toll road investment, the support is provided in another form. If the government provides construction grant on toll road investment, there would be risks that government need to face. This study aims to identify the said risks and analyse them so that the government could mitigate the risks. It is also could be used for devising public policy. This study is conducted qualitatively based on interviews with government officials, businessmen, and members of society. Based on the risk identification at each stage of the given support, there are 9 (nine) risks. After preliminary screening, the qualitative analysis and validation indicate that there are 4 (four) risks that must be mitigated by the government. These risks include: the possibility of being disapproved by the finance ministry, the approval process at the finance ministry takes a long time, it is too costly the state budget could not provide it and lastly, the difficulty of obtaining approval from the legislative.
© The Authors, published by EDP Sciences, 2019
This is an Open Access article distributed under the terms of the Creative Commons Attribution License (http://creativecommons.org/licenses/by/4.0), which permits unrestricted use, distribution, and reproduction in any medium, provided the original work is properly cited.
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