State-of-the-art of Literature Reviews on Project Financing Models for Toll Road Investments

The14th International Conference on QiR (QAuality in Research), 2015

6 Pages Posted: 3 Jun 2019

See all articles by Lukas B. Sihombing

Lukas B. Sihombing

University of Indonesia (UI) - Faculty of Economic, University of Indonesia (UI) - Department of Civil Engineering

Yusuf Latief

University of Indonesia (UI) - Civil Engineering Department

Ayomi D. Rarasati

affiliation not provided to SSRN

Andreas Wibowo

affiliation not provided to SSRN

Date Written: August 13, 2015

Abstract

The financial sustainability has been a major issue in greenfield toll-road projects. Most of Indonesia’s 24 toll road concessions already signed by Toll Road Authority, for instance, cannot be put in operation because of financing problems. Uncertainties of long-term project revenues, limitation of budget provided by governments, inadequate government supports for land acquisitions, lack of toll road financing itself and low traffic estimates have been widely cited as potential sources of this unsustainability. Using desk study and meta analysis, this research aims to investigate the state-of-the-art of innovative financing models recently introduced to address financial problems. These models include earmarked tax revenue system, deep discount bonds, take out financing, tax increment financing, land leases, deferred debt, and private donation.

Keywords: state of the art, literature, financing model, toll road, investment

JEL Classification: G11, G12, G23, G32, R51

Suggested Citation

Sihombing, Lukas B. and Latief, Yusuf and Rarasati, Ayomi D. and Wibowo, Andreas, State-of-the-art of Literature Reviews on Project Financing Models for Toll Road Investments (August 13, 2015). The14th International Conference on QiR (QAuality in Research), 2015, Available at SSRN: https://ssrn.com/abstract=3386170

Lukas B. Sihombing (Contact Author)

University of Indonesia (UI) - Faculty of Economic, University of Indonesia (UI) - Department of Civil Engineering ( email )

Kampus Baru
Depok, West Java 16424
Indonesia

Yusuf Latief

University of Indonesia (UI) - Civil Engineering Department ( email )

Depok, 16424
Indonesia

Ayomi D. Rarasati

affiliation not provided to SSRN

Andreas Wibowo

affiliation not provided to SSRN

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