Feasibility Study of Integrated Rest Area Project of Taman Mini Indonesia Indah

Hendra Gunawan; Eka Pria Anas

doi:10.36418/syntax-literate.v7i10.12910

Hendra Gunawan Fakultas Ekonomi dan Bisnis, Magister Manajemen, Jakarta, Universitas Indonesia
Eka Pria Anas Fakultas Ekonomi dan Bisnis, Magister Manajemen, Jakarta, Universitas Indonesia

DOI: https://doi.org/10.36418/syntax-literate.v7i10.12910

Keywords: feasibility study, sensitivity analysis, capital structure

Abstract

The Integrated Rest Area Project of Taman Mini Indonesia Indah is one of transit oriented development in a strategic location because itâ€™s the starting point for commuters from around the east and south of Jakarta (Pondok Gede, Bekasi, Cibubur, and surrounding areas). Another strategic aspect is the existence of Inner City toal roads, Jagorawi toll roads, JORR toll roads, Halim Perdanakusuma Airport, LRT, Tamini Square Shopping Center, and Taman Mini Indonesia Indah, which are aimed for the upper and middle class with the target of young professionals and public. This research aims to determine the feasibility of the Integrated Rest Area Project of Taman Mini Indonesia Indah when viewed from the aspects of feasibility study by making an analysis of the sensitivity of the Integrated Rest Area of Taman Mini Indonesia Indah to the impact of variable changes on NPV with optimistic, most likely, and pessimistic scenarios, and analyze the impact of changes in capital structure on project financing that affect the project's NPV. Based on the assumptions, the integrated Rest Area Project of Taman Mini Indonesia Indah is feasible to do because it produces a positive Net Present Value, IRR > discount factor, PI > 1 and Payback Period before the operating period. The use of 40% of loans turns out to produce the most optimal NPV. This project is feasible.

Downloads

Download data is not yet available.

References

Admi Syarif, A. S., Tamin, Ofyar Z., Persada, Citra, Sudarsono, Hamim, Erwanto, Erwanto, Hasanudin, Udin, Nurdin, Bartoven Vivit, Hasyimkan, Hasyimkan, Desfiandi, Andi, & Nurhasanah, Any. (2017). Bunga Rampai-Pemikiran Angota Dewan Riset Dewan Riset Daerah (DRD) Provinsi Lampung.

Amelia, Nurul, & Aisya, Nadia. (2021). Model Pembelajaran Berbasis Proyek (Project Based Learning) dan Penerapannya pada Anak Usia Dini di TK IT Al-Farabi. BUHUTS AL ATHFAL: Jurnal Pendidikan Dan Anak Usia Dini, 1(2), 181â€“199.

Annual Report PT Jasamarga Related Business (JMRB) Tahun 2020 dan 2021

Ariwibowo, Prasetio, & Haryanto, Haryanto. (2022). Analisa Potensi Pemungutan Pajak dan Retribusi Daerah Sektor Pariwisata di Tasikmalaya. Jurnal Bisnis Dan Kewirausahaan, 18(2), 102â€“113.

Asiyanto, Ir. (2005). Construction project cost management, Jakarta: PT Pradnya Paramita.

Brealey, R.A., Myers, S.C., Marcus, A.J. (2015). Fundamental of corporate finance 11th Edition. McGraw Hill.

Brueggeman, William., & Fisher, Jeffrey. (2019). Real estate finance & investment, McGraw Hill-Irwin Publishers.

Damodaran, Aswath. (2012). Investment valuation, New York: John Wiley & Sons.

Ersa, Yolla Santika. (2022). Kajian Pengaruh Jalan Tol Dumai-pekanbaru Terhadap Usaha Mikro Kecil dan Menengah (UMKM) Kota Dumai. Universitas Islam Riau.

Fauza, Anil Maula. (2022). Perancangan Rest Area Tipe B Jalan TOL Indrapuri-Blang Bintang KM 54. UIN Ar-Raniry.

Haming, Murdifin, Basalamah, S. (2013). Studi kelayakan investasi - proyek dan bisnis, Jakarta: PPM.

Hendrawan, Hendra, & Pangihutan, Harlan. (2016). Pengelolaan Tempat Istirahat Pada Jalan Umum dengan Konsep Anjungan Pelayanan Jalan.

Hidayat, Agus Rohmat. (2020). Tinjauan Ekonomi Islam Terhadap Jual Beli Online Account Game Mobile Legends: Bang Bang Dalam Tinjauan Fiqih Muamalah. Jurnal Syntax Admiration, 1(1), 13â€“22.

Hidayat, Agus Rohmat, & Alifah, Nur. (2022). Reading for Students in English Language Education Programs. International Journal of Social Health, 1(2), 57â€“63.

Husnan, S. dan Suwarsono. (2005). Studi kelayakan proyek - Edisi Ketiga, Yogyakarta: UPP AMP YKPN.

Insani, Yuda Dwi, & Setiyariski, Ramdani. (2020). Meningkatkan Kualitas Pelayanan Front Office Department Melalui Tugas dan Tanggung Jawab Concierge Pada Hotel Savoy Homann. Jurnal Kajian Pariwisata, 2(1).

Mutakin, Imam, Ridwan, Taufik, & Hidayat, Agus Rohmat. (2020). Strategi Pengembangan Usaha Berbasis Komunitas (Studi Kasus Konveksi Jack Tailor di Desa Ciperna). Jurnal Indonesia Sosial Sains, 1(01), 50â€“59.

Peterson, Pamela, Frank J. Fabozzi. (2008). Capital budgeting - theory and practice, New York: John Wiley & Sons

Pratt, S.P. (2002). Cost of capital: Estimation and applications. John Wiley & Sons, Inc.

Resshye, Gloeria. (2015). Pabrik Karet di Kecamatan Mandor. JMARS: Jurnal Mosaik Arsitektur, 3(1).

Ross, S.A., Westerfield, R.W., Jaffe, J., Jordan, B.D. (2008). Modern financial management (8th ed). McGraw Hill.

Shapiro, A.C. (2008). Capital budgeting and investment analysis. Pearson Prentice Hall.

Sharpe, William F., Alexander, Gordon J., and Bailey, Jeffrey V. (1998). Investments, New Jersey: Prentice Hall, Inc.

Sutojo, Siswanto. (2000). Pembiayaan investasi proyek (capital budgeting), Jakarta: PT Damar Mulia Pustaka.

Sukmarini, Herlin. (2022). Transit Orientied Development (TOP). Penerbit Widina.

Website PT Jasamarga Related Business (JMRB), www.jmrb.co.id

Wibawanthi, Annisa, Hidayat, Agus Rohmat, Hardiyanto, Feri, & Ridwan, Mohammad. (2020). Analisis Program dan Pendayagunaan Zakat, Infaq, Dan Shadaqah (ZIS) Pada Lembaga Amil Zakat Muhammadiyah (LAZISMU) Kabupaten Cirebon. Jurnal Indonesia Sosial Sains, 1(01), 1â€“8.

Zubir, Zalmi. (2007). Studi kelayakan usaha, Jakarta: Lembaga Penerbit Fakultas Ekonomi Universitas Indonesia.