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AKARTA: State airport operator PT Angkasa Pura I is readying to expand Ngurah Rai International Airport in Bali, saying it will organize a tender for the first phase of the project soon.

The expansion has been estimated to require up to Rp 1.9 trillion (US$210 billion) in investment and is scheduled for completion by 2013.

“The project will be separated into four phases. We are ready to commence the first phase, disbursing Rp 227.7 billion in investment,” Angkasa Pura I planning director Yuda Prana Sugarda said in Jakarta on Wednesday, adding that during the first phase the company would construct access roads and substitute buildings.

The second phase will require Rp 344 billion, while the third and fourth phases will cost Rp 1.2 trillion and Rp 100 billion, he said.

Of this amount, up to Rp 1.2 trillion will be financed by the state and the government investment center, involving three state banks — Mandiri, BNI and BRI. The remainder will be taken from the company’s cash reserves. — JP