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West Java to maintain 51% ownership of Kertajati Airport
West Java Governor Ahmad Heryawan has said the West Java administration will maintain 51 percent ownership of PT Bandara Internasional Jawa Barat (BIJB), the developer of Kertajati International Airport.
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A model of Kertajati International Airport in Majalengka, West Java. (kompas.com/File)
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est Java Governor Ahmad Heryawan has said the West Java administration will maintain 51 percent ownership of PT Bandara Internasional Jawa Barat (BIJB), the developer of Kertajati International Airport in Majalengka, West Java.
Meanwhile, state-owned airport operator PT Angkasa Pura II (AP II), which will operate the airport, will own part of the company’s shares. ”Angkasa Pura will be a shareholder of the company," Ahmad said in Jakarta on Tuesday.
Ahmad said Angkasa Pura II and other companies could own the company’ shares through a limited participation mutual fund (RDPT) issued by BIJB.
Read also: Grand launch of Kertajati Airport set for mid next year
They could have up to 49 percent of the airport ownership, but the governor added, that RDPT’s initial share allocation would be about 20 to 25 percent.
He said the final decision of the shares composition would be set by the end of August.
Meanwhile, BIJB president director Virda Dimas Ekaputra said the official signing for the shares composition would be conducted in November.
The Kertajati Airport is set to operate in the first quarter of 2018. The construction of the airport costs Rp2.6 trillion (US$194.35 million) in addition to Rp 1 trillion for land acquisition. (dis/bbn)
