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 language | English |
|---|---|
| Pages (from-to) | 1-9 |
| Number of pages | 9 |
| Journal | Malaysian Construction Research Journal |
| Volume | 32 |
| Issue number | 3 |
| Publication status | Published - 2020 |
Keywords
- Institutional framework
- Land lease
- Multi criteria analysis
- Project financing
- Toll road