Proceedings of the 6th Mechanical Engineering, Science and Technology International conference (MEST 2022)

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Risk-Based Evaluation for the Financial Model of Trans Sumatra Toll Road Infrastructure Development Project

Authors
Diva Annisa A1, *, Leni Sagita Riantini1, Yusuf Latief1, Gilang Ardi1
1Department of Civil Engineering, University of Indonesia, Depok City, Indonesia
*Corresponding author. Email: divaannisaa@gmail.com
Corresponding Author
Diva Annisa A
Available Online 19 April 2023.
DOI
10.2991/978-94-6463-134-0_57How to use a DOI?
Keywords
Risk Factor; Toll-Road Projects; Infrastructure
Abstract

The construction of the Trans-Sumatra Toll Road is estimated to cost up to IDR 476 trillion. The delay in the construction of the project is considered to be detrimental to state finances worth IDR 3 trillion per year. This figure is compiled from various sources by assuming a total increase of 10–12% in construction and land acquisition costs. In order to avoid this financial loss, a risk-based evaluation for the funding model of Trans Sumatra toll road infrastructure is conducted. The purpose of this study is to analyze financial risk that occurs in the funding model of Sumatra Toll Road Infrastructure. Data were collected through questionnaire involving 30 respondents. The study has identified a total of 37 financial risks in the 19 funding stages of Trans-Sumatra. The author used probability and impact matrix as a method to analyze the data obtained. The result of this study indicated that 9 risks are identified as medium risks and 24 risks are identified as high risks. The highest financial risk identified is toll road company’s financial difficulties. The result of this study can be used as a guidance in managing financial risks in Trans-Sumatra Toll Road infrastructure development project.

Copyright
© 2023 The Author(s)
Open Access
Open Access This chapter is licensed under the terms of the Creative Commons Attribution-NonCommercial 4.0 International License (http://creativecommons.org/licenses/by-nc/4.0/), which permits any noncommercial use, sharing, adaptation, distribution and reproduction in any medium or format, as long as you give appropriate credit to the original author(s) and the source, provide a link to the Creative Commons license and indicate if changes were made.

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Volume Title
Proceedings of the 6th Mechanical Engineering, Science and Technology International conference (MEST 2022)
Series
Advances in Engineering Research
Publication Date
19 April 2023
ISBN
978-94-6463-134-0
ISSN
2352-5401
DOI
10.2991/978-94-6463-134-0_57How to use a DOI?
Copyright
© 2023 The Author(s)
Open Access
Open Access This chapter is licensed under the terms of the Creative Commons Attribution-NonCommercial 4.0 International License (http://creativecommons.org/licenses/by-nc/4.0/), which permits any noncommercial use, sharing, adaptation, distribution and reproduction in any medium or format, as long as you give appropriate credit to the original author(s) and the source, provide a link to the Creative Commons license and indicate if changes were made.

Cite this article

risenwbib
TY  - CONF
AU  - Diva Annisa A
AU  - Leni Sagita Riantini
AU  - Yusuf Latief
AU  - Gilang Ardi
PY  - 2023
DA  - 2023/04/19
TI  - Risk-Based Evaluation for the Financial Model of Trans Sumatra Toll Road Infrastructure Development Project
BT  - Proceedings of the 6th Mechanical Engineering, Science and Technology International conference (MEST 2022)
PB  - Atlantis Press
SP  - 599
EP  - 610
SN  - 2352-5401
UR  - https://doi.org/10.2991/978-94-6463-134-0_57
DO  - 10.2991/978-94-6463-134-0_57
ID  - AnnisaA2023
ER  -