Incheon Airport Forms Consortium with Two Indonesian State-Owned Enterprises to Accelerate Batam Airport Bid
Participating in the Bidding for the 'Hang Nadim Airport Investment and Development Project' with Indonesian Airport and Construction Public Enterprises
[Asia Economy Reporter Yu Je-hoon] Incheon International Airport Corporation is accelerating its bid for overseas airport development projects by forming a consortium with two Indonesian state-owned enterprises.
On the 17th, Incheon Airport Corporation announced that it signed a consortium agreement on the 13th with Indonesian state-owned enterprises for the 'Batam Hang Nadim Airport Investment and Development Project (PPP)' and held a workshop to share each company's vision.
The state-owned enterprises forming the consortium with Incheon Airport Corporation are ▲ airport state-owned enterprise 'PT Angkasa Pura I (AP1)' and ▲ construction state-owned enterprise 'PT Wijaya Karya (WIKA)'. About 20 people attended the signing ceremony and workshop, including Koo Bon-hwan, President of Incheon Airport Corporation, Faik Fami, President of AP1, and Tumi Yana, President of WIKA.
The Batam Hang Nadim Airport development project is a public-private partnership investment and development project currently undergoing an international competitive bidding process by the Batam Indonesia Free Zone Authority (BIFZA). The successful bidder will obtain the operating rights of Batam Hang Nadim Airport for 35 years and will be responsible for construction, renovation for airport infrastructure expansion, airport operation, and facility maintenance management. BIFZA began the bidding announcement in May last year and is proceeding with related procedures. After receiving and evaluating proposals, it plans to select the final successful bidder within the first half of this year.
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President Koo said, "Incheon Airport Corporation plans to accelerate efforts to win the Batam Hang Nadim Airport investment and development project in Indonesia by forming a consortium with AP1, Indonesia's leading airport operator, and WIKA, the top construction state-owned enterprise." He added, "Going forward, the corporation will expand overseas projects worldwide, including the Middle East, Asia, and Eastern Europe, and promote joint ventures with domestic companies to lead the revitalization of the national economy and the creation of quality jobs."
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