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Jakarta Post

Banker likes PPP model for RI airports

  • The Jakarta Post

Jakarta   /   Mon, October 31 2011   /  08:00 am

As recent global industry developments push countries to improve airport standards to meet the demands of passengers, Australian banking provider Macquarie Capital is offering some advice to Indonesia.

John Walker, Macquarie Capital senior managing director, said that Indonesia could use Athens International Airport as an example of a public-private partnership (PPP) scheme to develop its airports.

“Athens International Airport is the world’s first Build, Own, Operate, Transfer [BOOT] project in the airport sector and an example of a successful PPP project,” Walker told a seminar on Thursday.

Walker said that the private sector held 45 percent ownership in the airport with the Greek state holding the rest.

The Greek government made an Airport Development Agreement (ADA) that stipulated that the state could not own more than 55 percent of the airport and ...