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View all search resultsConsortium involving Incheon operator starts running Batam airport
A consortium with an investment value of Rp 6.8 trillion (US$ 462.4 million) has started work to operate and expand Hang Nadim International Airport and turn Batam, Riau Islands, into a regional travel hub.
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Airplanes park at Hang Nadim International Airport in Batam, Riau Islands province. State-owned airport operator PT Angkasa Pura I (AP I) and South Korea’s Incheon International Airport Corporation (IIAC) have started operating Hang Nadim airport in a joint custodianship that spans 25 years. (JP/Fadli)
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new consortium involving top South Korean airport operator and two Indonesian state-owned enterprises (SOEs) started work on a 25-year operatorship of the Hang Nadim International Airport in Batam, Riau Islands province, last week.
South Korea’s Incheon International Airport Corporation (IIAC) will take a 30 percent stake in the consortium led by state airport operator Angkasa Pura I (AP I) and state construction firm PT Wijaya Karya (WIKA) to develop and manage Hang Nadim over the next few decades, having taken over custodianship from the Batam Indonesia Free Zone Authority (BIFZA) on Friday.
Under the new banner of PT Bandara Internasional Batam (BIB), AP I gets a 51 percent stake while WIKA gets the remaining 19 percent stake.
The consortium, which has an investment value of Rp 6.8 trillion (US$ 462.4 million), promises to operate and expand its international and domestic routes and turn Batam into the latest air travel hub in the Singapore-Malaysia-Indonesia golden triangle.
The head of BIFZA, Muhammad Rudi, said the handover to BIB marked a new chapter in Hang Nadim’s operation, which had been running under BIFZA’s management since the airport was first opened in 1973.
Rudi insists that the airport would be positioned as a regional destination hub for domestic and international flights, and that moving forward, it would include and expand on international routes to South Korea, India, Taiwan and mainland China.
“Hang Nadim will be a vastly expanded destination hub in [western Indonesia], when placed side-by-side with cargo facilities and the logistics center,” he said at the unveiling.
