Home » North Bali Airport Gets $3 Billion Boost from Chinese Investors, Targeting 2027 Completion

North Bali Airport Gets $3 Billion Boost from Chinese Investors, Targeting 2027 Completion

Imelda R
09:48, 21 Nov 2024

Chinese investors is injecting funds into the North Bali Airport development project in Kubutambahan District, Buleleng, Bali.

This project is targeted to be completed in 2027 for one runway.

PT BIBU Panji Sakti and ChangYe Construction Group signed a memorandum of understanding (MoU) on November 8, 2024, at the Indonesian Embassy in Beijing.

In this agreement, Chinese investors, ChangYe Construction Group will become a partner and support the financing of the international airport project in north Bali with an investment of US$3 billion. Yu Xueze, President and Director of ChangYe Construction Group expressed his interest in developing an international airport in north Bali.

PT BIBU Panji Sakti’s CEO, Erwanto Sad Adiatmoko, expressed his confidence in this cooperation. With the government’s support and the synergy that exists, PT BIBU Panji Sakti is optimistic that the international airport in north Bali will soon be realized.

“This is a concrete step towards realizing the dreams of the people of North Bali,” Erwanto said, as reported by Detiknews.

The private sector fully funds the project through a business-to-business (B2B) scheme, with no financial support from the State Budget (APBN) or Regional Budget (APBD).

However, PT BIBU also claims to have President Prabowo’s support for realizing the North Bali Airport, which has long been a discourse.

Government support for North Bali airport development

It was previously reported that Indonesian President Prabowo is committed to building the North Bali Airport. In an event in Bali, Prabowo also revealed that he wants Bali to be developed like The New Singapore or The New Hong Kong.

This signal emerged from not only Prabowo but also the Coordinating Minister for Infrastructure and Regional Development (Menko IPK) Agus Harimurti Yudhoyono and the Acting Governor of Bali Sang Made Mahendra Jaya.

Agus Harimurti Yudhoyono revealed that the airport project plan is still being studied. According to him, the plan must be prepared in detail.

He also warned against large infrastructure projects that consume a lot of budget. However, when they are completed, their use is not optimal.

The airport development also received support from the former Governor of Bali, Made Mangku Pastika, and Puri leaders throughout Bali, who have long supported the construction of the North Bali Airport.

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