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THE INDONESIAN government continues to finalize the preparation of a number of infrastructure and transportation ahead of a number of global events, namely the G20 Summit in Bali and the MotoGP in Mandalika.
According to the Minister of Transportation, Budi Karya Sumadi, in welcoming these activities, Trasnsportation Ministry is currently revitalizing the construction of several airports, seaports, and crossings.
“In addition, the Ministry of Transportation also carries out traffic management and installs road safety facilities. Not only that, the ministry has also provided mass transportation facilities such as electric buses in line with the campaign to promote electric vehicles.
“In improving the safety and comfort aspects of state guests to Jakarta and Bali, President Joko Widodo also emphasized the Ministry of Transportation to revitalize Halim Airport and renovate the VVIP room at Bali airport,” he said, quoted from his official statement, Thursday (1/26).
Meanwhile, PT Angkasa Pura I or AP I assessed that a number of international events such as the G20 and MotoGP would be an unexpected bonus for the company’s performance.
AP I Finance Director Andy Bratamihardja explained that 2022 tends to take a conservative scenario for the domestic aviation industry. However, this scenario does not include the projected improvement in international flights.
He took the example of the Superbike event at the Mandalika Circuit which was successful and did not create a new cluster. This condition has an impact on the busy movement at Lombok Airport which is managed by AP I.
“Later on, if international flight conditions begin to improve, this will be a bonus. God willing, there will be a big event like MotoGP. It is certain to increase international flights, but that is not included in the projection for 2022. We have not counted the G20 also in Bali,” he stated.
AP I itself projects that it will still suffer losses in 2021 and 2022 if you look at the current state of the balance sheet. AP I President Director Faik Fahmi explained that until the end of this year, AP I was still experiencing losses of up to IDR3.24 trillion with EBITDA which was also minus IDR209 billion.
As a result, the cash flow of the State-Owned Enterprises (BUMN) will also be minus Rp1.1 trillion. This loss condition is estimated to continue this year, although the situation will be much better.
“It is projected that next year [2022] we will indeed lose around IDR601 billion, but this is already much lower compared to 2021, and the positive thing is that the EBITDA can be positive around IDR1.5 trillion with operating cash flow which will be positive at around IDR1 .15 trillion,” he finished during a virtual press conference. [antaranews/photo special]
