Indonesia has officially handed over the development and management of Komodo airport to a consortium of PT Cardig Aero Services and Changi Airports International Pte Ltd. Singapore for the next 25 years. Komodo International Airport is located in the city of Labuan Bajo on the island of Flores, East Nusa Tenggara.
The consortium will invest IDR1.2 trillion (US$86 million) over five years to expand the airport, including extending the runway to accommodate larger aircraft to fly directly from China, Japan, and India, and increasing the airport's capacity to accommodate 4 million passengers.
Komodo Airport will be managed by the Changi Airport consortium.
This is the first time that a consortium has involved a foreign company and has been given the opportunity to manage an airport in Indonesia. Next year, Indonesia will offer more airport management projects to foreign investors. The government plans to offer Kuala Namu airport in Medan city, Sam Ratulangi airport in Manado city, and the airport in Singkawang as projects that will be offered to the government in 2020.
President Joko Widodo has pledged to continue investing in infrastructure and estimates a total infrastructure investment of $430 billion will be spent over the 2019-2024 period.
