JAKARTA: Toll road tender offer employing public private partnership financing shall attract investors supposes government provides necessary supports particularly a certainty over land procurement.Such notion occurs following the launch of 22 toll road projects offered, employing public private partnership. Those projects are contained in PPP Project Plan Book 2011, being published by National Development Planning Agency (Bappenas) last week.Toll road construction using public private partnership scheme is somehow more attractive for private sectors as the financing is fairly shared with government and the project realization can be on schedule, Head of Indonesia Tol Association (ATI) Fatchur Rochman.However, he said that these projects will be much more attractive if government ensures land acquisition process before offering such projects to private sectors. It certainly will prevent any problems during the construction process.In order to smooth the construction process, government must resolve the entire land acquisition problem first. This particular problem always becomes the main obstacle. Thus, the issuance of a regulation on land somehow serves as the key solution, said Fatchur to Bisnis last week.According to him, government commits to accelerate toll road construction projects by allocating special budget for land acquisition from state budget.Besides land acquisition, there should be another kind of support such as a certainty over projects eligibility seeing from financial and long term investment aspects.The financial eligibility must be adjusted to international or global market. The return must not be at a low level.Establish decent coordinationOn the other hand, toll road project financing employing only a private financing or public financing may be succeed only if there is a decent coordination and support from government, said PT Nusantara Infrastruktur Tbk Corporate Director Bernadus Djonoputro.For example, government must fully commit on the completion of 24 stalled toll road projects.Bernardus explained three important things during toll road construction.Those important aspects include a firm and certain regulation on land acquisition, favorable traffic calculation and a commitment to provide subsidy supposes toll road traffic is not fulfilled as well as coordination between Toll Road Operator Agency and local government to smooth the land acquisition process.He also urges government to be firm particularly in granting disincentive for investors who already win a tender project yet they cannot fulfill their obligations merely due to a poor financial capability. Such limited financial capability results into series of stalled toll road projects. (t02/msw)

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