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Abstract
Social infrastructure is defining as a physical facility that has been build for local community provided by government, private, or even from other institution. Social infrastructure dedicated to a function of place, for a particular group of people or those with special needs. The social infrastructure concept that will be discussed in this research is Road Side Station, adopted from Japanesse Michinoeki. Similar with michinoeki, the road side station is predefined to organize service functions to road users, economic empowerment of local community, and part of incubation service for its surrounding area. Diffrent from highway’s rest area that located at highway (toll road), the road side station will be located at nation road’s side. In 2016, the Ministry of Public Works dan Housing developing a pilot project of road side station located in Tugu, Trenggalek District, East Java Province. According to that, this research is aim to analyze a model for evaluating social infrastructure financial feasibility, based on case study in Tugu’s Road Side Station. This research used quantitative approach and then the Life Cycle Costing (LCC) methods will analyze and evaluate the financial modelling from construction phase to operating. With LCC methods, the percentage of Operation and Maintenance Cost (OM Cost) from all of the Capital Expenditure Cost (CAPEX Cost) can be calculate. Finally, the result shows that developing and operating Tugu’s road side station through out its life cycle is financially feasible, according to the LCC analyze.
Highlights
Infrastructure plays an essential role in promoting economic growth and national competitiveness through equity of development, improvement of distribution channels and the provision of basic needs
Based on data from the Global Competitiveness Index 20162017 released by the World Economic Forum, Indonesia’s competitiveness is ranked 41 out of 138 countries while infrastructure competitiveness is ranked at 60 [1]
This study examines the financial feasibility evaluation of social infrastructure development based on the Private Partnership (PPP) while developing an attractive scheme for business entities to invest
Summary
Infrastructure plays an essential role in promoting economic growth and national competitiveness through equity of development, improvement of distribution channels and the provision of basic needs. Based on data from the Global Competitiveness Index 20162017 released by the World Economic Forum, Indonesia’s competitiveness is ranked 41 out of 138 countries while infrastructure competitiveness is ranked at 60 [1]. This provides the basis for the Indonesian government to define infrastructure development as one of the priority targets which targets inter-regional connectivity improvements while achieving economic growth of 5.4 to 5.8 percent by 2019 [2]. While the budget capacity of the Government can only meet 41% of the total financing needs, the rest is expected to be financed by the private sector through https://doi.org/10.10 51/matecconf /201927602019 the scheme of Public-Private Partnership (PPP). In the Presidential Regulation No 38 of 2015 [4], 19 types of infrastructure sectors can be implemented under the scheme of PPP, and the sector covers the areas of economic infrastructure and social infrastructure
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