Development of institutional model on toll road construction based on land lease financing scheme

Yusuf Latief, Firman Bima Ariateja, Ayomi Dita Rarasati

Research output: Contribution to journalArticlepeer-review

Abstract

One of the reconstruction activities which is very important is the right of way acquisition or land acquisition. Delays on this part may result in delays and conflicts in the overall project. One of the factors that inhibit this activity is the limitation of project funds, meaning that new innovative financing schemes that can provide funding specifically for land acquisition are needed. One such innovative financing scheme is a land lease. The implementation of land lease in Indonesia has never been done, therefore the aim of this research is to obtain an effective and an efficient institutional framework to support the success of the project. The institutional model is developed using a method called multi criteria decision analysis to select one of four best institutional models. The research results concluded that the alternative institutional model 1 is best to be selected with 1 additional institutional factor.

Original languageEnglish
Pages (from-to)1-9
Number of pages9
JournalMalaysian Construction Research Journal
Volume32
Issue number3
Publication statusPublished - 2020

Keywords

  • Institutional framework
  • Land lease
  • Multi criteria analysis
  • Project financing
  • Toll road

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