development of north bali airport to be financed by a chinese company

A Chinese state-owned company is expected to finance the development of North Bali airport.

Bali Airport

The North Bali airport must be an alternative solution to the influx of tourists expected after the end of the pandemic. It will be developed by two different companies: PT Panji Sakti (PT BIBU) and China Construction First Group Corp Ltd (CCFG), a Chinese state-owned company.

PT BIBU Chairman Erwanto Sad Adiatmoko Hariwibowo has confirmed that the two companies have signed a memorandum of understanding regarding the construction of North Bali Airport in Kubuaddan, Buleleng.

“We have signed an agreement that CCFG will be the prime contractor for this project. It must be completed by 2024,” Hariwibowo said Thursday (6/1).

He also explained that this project was initiated to anticipate the entry of international flights after the pandemic, as the airport in South Bali only has one runway.

Meanwhile, CCFG's representative for Indonesia, Sun Kelin, said the project would be funded through a turnkey program. “We are ready to realize the airport that the people of North Bali dream of,” said Kevin.

In accordance with Presidential Decree No. 109/2020, North Bali International Airport is designated as one of the national strategic projects to revive tourism in Bali.