BusinessChinese State-Owned Enterprise Takes Part in Bali Airport Project

Chinese State-Owned Enterprise Takes Part in Bali Airport Project

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photo by John White Photos / Getty Images

The new Bali international airport is planned to be finished in 2024. It will be located on the Northern coast of the island.

PT BIBU Panji Sakti, as the initiator of the construction, has signed a Memorandum of Understanding with China Construction First Group Corp Ltd (CCFG). The company is a subsidiary of the state-owned China State Construction Engineering Corp. Ltd. (CSCEC).

“This is a strengthening of the cooperation commitment of both parties and renewing the Memorandum of Understanding that we signed together on August 7, 2020,” said PT BIBU President Director, Erwanto Adiatmoko Hariwibowo.

The Memorandum of Understanding contains an agreement between the two companies to build an international airport in Kubuaddan, Buleleng, Bali.

China Construction First Group will be the major contractor. It is ready to fund the airport construction project in North Bali with a turn key scheme.

“We are ready to build the airport that the residents of North Bali dream of,” said CCFG Chief Representative for Indonesia Sun Kelin.

China Construction First Group and also its parent company, China State Construction Engineering, which is one of the large State-Owned Enterprises in China, has a good track record in financing and development in the construction sector. It has a positive experience in handling various large development projects in China and in various places abroad.

North Bali International Airport in Kubuaddan, Buleleng, is one of the National Strategic Projects.

“The dreams of Kubu residents will soon come true. North Bali will be no longer left behind with South Bali,” said the head of traditional village Kubuaddan, Jro Pasek Warkadea.

He is sure that the airport construction will create new jobs for the residents of North Bali.

“This will close the gap in the welfare of the residents of North Bali and South Bali,” he added.

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