The high investment in infrastructure projects including toll roads makes government seek new funding schemes without charging the entire construction budget on the State Budget. Therefore, an alternative funding scheme is necessary to attract investors to fund and develop toll roads in Indonesia especially at the Trans-Sumatera Toll Road (TSTR). The answer might be found with the Deep Discount Bond (DDB) funding scheme which is potentially positive for the development of toll roads in Indonesia. This answer can address new issues, but to ensure that it can be implemented, an institutional model is needed to regulate stakeholdersâ€™ involvement. Realizing that interactions among stakeholders are very influential on the success of the project, the effective institutional model is aimed at avoiding possible conflicts. This institutional model cannot be properly designed without knowing the success factors required to effectively implement DDB funding scheme. This research has three objectives: firstly, to identify relevant stakeholders involved in providing DDB funding schemes; secondly, to identify DDB institutional modelâ€™s success factors; and thirdly, to determine the appropriate DDB funding scheme institutional model for Trans Sumatera Toll Road. This research methodology included data collection, and threephase in-depth interviews and Relative Importance Index and Multi Criteria Analysis. The results identified ten stakeholders with their roles, ten institutional success factors and an institutional funding model to implement DDB for TSTR.
|Publication status||Published - 2017|
|Event||The 15th International Conference on Quality in Research (QiR 2017) - ID, Bali, Indonesia|
Duration: 1 Jan 2018 → …
|Conference||The 15th International Conference on Quality in Research (QiR 2017)|
|Period||1/01/18 → …|
- Deep Discount Bond; Institutional Model; Stakeholder; Toll Road.