Jakarta plans $10bn waterfront airport as travel demand surges

The Indonesian govt plans to build a new airport outside Jakarta to accommodate a growing number of business travellers and tourists as the country’s economy expands. The project is expected to cost roughly US$10b. It will become the largest infrastructure development project under the govt of president Joko Widodo since its inauguration in Oct 2014. The plan involves establishing a joint venture to run the new airport, which would be 51%t owned by Angkasa Pura II, the state-backed operator of Soekarno-Hatta, with private investors owning the remaining 49%. A more detailed financing scheme for the project has yet to be worked out. The new airport will have 2 runways, a passenger terminal and a maintenance centre for aircraft. A railway and highway are also under consideration. <br/>