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Bali airport initiator signs HoA with Chinese company
A project for a new airport to be built in northern Bali has moved forward with its initiator PT BIBU Panji Sakti signing a heads of agreement (HoA) with a Chinese company, ChangYe Construction Group.
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Travelers walk on April 7, 2024, in the domestic terminal of the I Gusti Ngurah Rai International Airport in Badung regency, Bali. (Antara/Ni Putu Putri Muliantari)
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project for a new airport to be built in northern Bali has moved forward with its initiator PT BIBU Panji Sakti signing a heads of agreement (HoA) with a Chinese company, ChangYe Construction Group.
BIBU Panji Sakti president director Erwanto Sad Adiatmoko Hariwibowo said that two weeks after signing a memorandum of understanding (MoU) at the Indonesian Embassy in Beijing, the partnership continued with the signing of an HoA.
“We keep moving forward at full speed to ensure that the project is in line with Pak President’s instructions. The signing of this Heads of Agreement is concrete proof of what we’ve been working on,” Erwanto said on Sunday, as quoted by news agency Antara.
Erwanto explained that the project had secured US$3 billion in investment to accelerate the development of Bali’s new international airport, which is now set to be completed by the end of 2027.
The development will cover three main areas, namely the airport itself, the urban development in the direct vicinity, or aero city, and development of the wider area, or aerotropolis.
Read also: Overtourism or balanced development? Bali airport plan sparks debate
BIBU Panji Sakti vowed that the land rehabilitation methods that will be used for the airport’s development would not sacrifice productive land, residential land, places of worship or historical sites in Buleleng regency.
