Indian Investor Ready To establish Bali's Second Airport, Letkol Wisnu

Indian Investor Ready To Build Bali's Second Airport, Letcol Wisnu.

Updated news July 2013. Bali needs a second airport

  Bali's Second Airport, Letcol Wisnu

 The Bali administration has shown its eagerness to invest in a new airport that is planned for Sumberkima village in Gerokgak, Buleleng regency, north Bali.

Governor Made Mangku Pastika said recently that the administration would invest in the new airport along with several regional administrations in Bali.

“It would be very good if the new airport was developed by local investors rather than foreign ones. We are hoping that a consortium of state-owned companies will also participate in the development of the project,” Pastika said.

The plan to build a second airport on the island was announced several years ago by then tourism minister Jero Wacik, in anticipation of the growing number of tourists to the resort island.

It was also said that the planned airport would gradually overtake the present Ngurah Rai International Airport in terms of passenger traffic, since the latter faces land constraints that prevent the operator from extending its runway.

However, the plan went from being the hottest issue for the island’s tourist industry to an enigmatic proposal following years of bureaucratic uncertainty and a lack of serious investors.

Previously, Indian company GVK Power and Infrastructure Ltd, as well as TAV Airport Holdings from Turkey had shown an interest in investing in the new airport. However, both companies have yet to turn their words into action.

Recently, the provincial administration committed funds to carry out a comprehensive feasibility study and to prepare for a detailed engineering design.

The funds will be allocated from the revised 2013 provincial budget or from the 2014 annual budget.

Pastika said he would prefer to have a public-private partnership (PPP) system for the construction of the new airport. “That method was successfully implemented in the new Bali toll road,” he said.

The first island toll road, which required total investment of Rp 2.4 trillion (US$241 million), was built under a PPP involving several state-owned enterprises, namely PT Jasa Marga; PT Pelindo III; PT Angkasa Pura I; PT Pengembangan Pariwisata Bali; PT Wijaya Karya; PT Adhi Karya, and PT Hutama Karya. The provincial administration and Badung regency administration also invested in the toll road, which connects Benoa Harbor-Ngurah Rai Airport-Nusa Dua.

The estimated construction costs for the new airport, which will require more than 1,000 hectares of land and two runways, has been set at around Rp 5.5 trillion.

“I am confident that several regional administrations, Badung for example, will be willing to invest in the new airport. I will soon be talking to a consortium of state-owned enterprises,” Pastika said.

The provincial administration’s investment in the airport, he said, would mean prosperity for all Bali residents, as the profits would belong to them.

Pastika was optimistic that the new airport would be profitable, as it would be able to accommodate larger aircraft than Ngurah Rai. It will also be located in close proximity to many tourist sites, including Batu Ampar, Lovina, the West Bali National Park and Menjangan Island.

The provincial administration has also plans to build a new toll road connecting Kuta-Soka-Seririt, which will ease access from north to south Bali.

“There is no reason to doubt the investment potential for the new airport. Many tourists will be coming to Bali through the airport as there are many tourist attractions nearby,” he stressed.

Pastika added that Bali was in real need for a second airport, as the existing Ngurah Rai airport could not accommodate the increasing number of tourist arrivals. “Ngurah Rai airport has become very crowded. Planes often have to queue before landing or taking off. That is why we should have another airport,” he stressed.

Bali, he added, was also host to many international events, which have overwhelmed Ngurah Rai airport. “This October, we will be hosting the APEC [Asia-Pacific Economic Cooperation] Summit, for which 21 heads of state and 3,000 CEOs will be arriving on the island. Each of them will be traveling in their own planes and private jets. Even though Bali is a small island, it has huge potential for development,” he added.

Data from PT Angkasa Pura I, which runs Ngurah Rai airport, shows that the number of passengers and flights is continually increasing.

Passenger numbers reached 12,771,874 in 2011, comprising 6,594,830 domestic passengers and 6,177,044 international passengers. That total was double the number of passengers in 2006 and nearly 2 million higher than in 2010.

Flight traffic has also increased up to 284 flights per day. In 2011, the airport recorded a total of 103,771 flights, consisting of 64,262 domestic flights and 39,509 international flights.

Bali's second airport , Letcol Wisnu , Buleleng , North Bali 

Bali 's second airport Letcol Wisnu's profile

Kuta (Antara Bali) - Minister of tourism and culture Jero Wacik said an investor from India had been ready to build Bali's second airport in Buleleng.

"The investor's name is GVK," he said here on Thursday when inspecting the island's Kuta beach following its story on the Time magazine recently.

He said the investor had even sent around 30 experts to conduct a survey and a feasibility study to determine the best location for the project.

The team of engineers were given around three months to determine the location.

"Based on costs for developing airports in other places Rp1.5 to Rp2 trillion would be needed to build the airport in Buleleng," he said.

The minister said the the proposal for the project had been known and approved by President Susilo Bambang Yudhoyono. "He even supports the plan as a second gate in Bali," he said.

The airport in the northern part of the island is expected to be able to help ease the impact of increasing visitors to the island.

At present up to 7,000 visitors come to Bali everyday which is above the normal capacity of 4,500 a day and as a result traffic jams always occur around tourist areas in the southern part of the island.

"We hope with the new airport development will spread across the island. Bali's northern part is expected to become a tourist center in the next 15 years," he said.

Jero Wacik said the construction of the new airport is ready to be realized, adding share distribution however is now still being negotiated between the government and the investor.(*)

Lieutenant Colonel Wisnu Airfield, (Indonesian: Letkol Wisnu Airfield, also referred to as Buleleng Airport) is located in Sumberkima Village, Buleleng province in the north-west corner of Bali, Indonesia. Construction was funded by the local government and completed in 2007. Airfield runway are planned to be extended from 600 to 1200 meters by 2010.

Monday, 28 February 2011 Hopes for a new airport in North Bali, Indonesia have been given a fillip with reports that investors have secured US$1 billion towards the planned development.
A report in the Bali Post says Indian infrastructure company GVK promised the investment during a meeting with the Indonesian Culture and Tourism ministry.

Chairman of GVK Power and Infrastructure, Krishna Reddy told Bali officials: "We have prepared at least US$1 billion for the construction of North Bali airport."

He also pledged to help out other big stalled projects on the island including the Garuda Wisnu Kencana project.

About GVK
GVK is a diversified business entity with a focus on Infrastructure and Urban Infrastructure projects. It also has a significant presence in the Hospitality, Life Sciences and Manufacturing sector.
Among the pioneers to envision the India Growth saga, GVK realized the potential needs of a rapidly developing economy, particularly in the area of infrastructure development. One of the challenges facing the fast paced economic development in India is to create world–class infrastructure which will further boost the growth and provide people with a better quality of life.
GVK has responded to the challenge by taking a lead in developing projects of national importance in diverse areas ranging from power, airports and roads. It also consolidated its position of strength in hospitality and manufacturing.
Having an asset base of close to Rs. 83 Billion (1,800 Million USD), GVK boasts of prestigious projects on hand worth of about Rs. 150 Billion (3,658 Million USD). Backed by the strength of 7,000 professionals with the required capabilities and technical acumen, GVK is surging ahead, building on its achievements and exploring newer avenues for growth.

GVK - Foundation

Corporate Social Responsibility is not a goal. It is a vision whose horizon perpetually recedes demanding ceaseless vigilance, continuous investments and unrelenting dedication to the ideals that unite GVK enterprises.
Speaking against a background of cataclysms and shocking revelations in the global corporate arena, it is essential to emphasize that social responsibility is not about supporting a few visible causes.
The point of departure is that, beyond capital investments, the operations of any corporate has social costs as well as benefits. Social responsibility begins by assuring that the social benefits of our operations far outweigh the social costs.
Thus, social responsibility would be in consonance with good corporate governance, efficient utilisation of resources and protection of stakeholder and consumer interests.
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GVK believes that its leadership stature goes beyond business success in terms of numbers and figures. It is more about fulfilling its social responsibility in the larger sense of the word.

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