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Journal : journal of world science

Analysis of Return on Investment Associated with Changes in Operational Time in the Construction of the Sigli-Banda Aceh Toll Road Made Bayu Anggara, I; Darma, Yusria; Mubarak, Mubarak
Journal of World Science Vol. 2 No. 2 (2023): Journal of World Science
Publisher : Riviera Publishing

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.58344/jws.v2i2.222

Abstract

The problem with this research is that the government was late in land acquisition, so that PT. Hutama Karya (Persero) as the concession holder in the implementation of toll road construction is constrained in a number of locations. This study aims to determine the impact of delays in land acquisition and implementation of the construction of the Sigli-Banda Aceh Toll Road on net profit and return on investment at the end of the concession period. This study uses a quantitative method approach. Data analysis techniques use Present Net Value (NPV), Internal Rate of Return (IRR), and sensitivity analysis. The results of the study show that delays of 1, 2, and 3 years have an impact on concessionaires going through cash flow deficit periods of 17, 19, and 20 years and surplus cash flow periods of 23, 21, and 20 years. year, where investment returns occur in the 32nd (2050), 34th (2052) and 36th (2054) years, so that at the end of the concession period, the net profit that can be achieved by the concession holder is with an NPV value of Rp. 9,162,336,077,086, Rp. 6,858,784,951,438 and Rp. 4,680,164,756,915. If there are no delays, then the concessionaire only needs to go through a cash flow deficit period of 16 years and a cash flow surplus period of 24 years, where the return on investment capital occurs in year 30 (2048), so that the net profit that can be obtained by the concessionaire is with an NPV value of Rp. 11,647,590,651,181.
Co-Authors . Azmeri, . A.A. Ketut Agung Cahyawan W AA Sudharmawan, AA Abdullah Abdullah Abdullah Abdullah Adriatman Rasak Afrianti, Novia Muja Afrini, Ida Mardhiah Afrizal Tanjung Afsar, Muhammad Ali Agus Mandar Agus, Suci Tiara Agusti, Dinda Roanna Ahmad Rifai Ahmad, Alianisa Aidil Fitriansyah Albert Sulaiman Alchamdani Alfa Taras Bulba Alfajri, Alfajri Alfiansyah Yulianur BC Alhuda, Nafisah Alifariki, La Ode Alwi, Ahmad Amaliah, Nur Syafitri Aminuyati Andrikasmi, Sukamarriko Andriyani, Elfi Anni Zahara Putri Ansyar, May Nurmiati Apriliani, Mumut Apriyanto Apriyanto Aras Mulyadi Arifudin arifudin Arimaswti Arimaswati Aris, Pajri Armanda, Armanda Arniati, Dina Arya Arismaya Metananda Astawa, Kadek Wiana Badia, Esti Bahrul, Hartina Bambang Bambang Basiluddin, Fadhlan Bintal Amin Butarbutar, Yesenia Nancy Olivia Chasanah, Iimmatul Chatarina Umbul Wahyuni Claudya, Sonia Glory Cut Zukhrina Oktaviani Darwis, Darnita Dessy Yoswaty Dewi , Novia Djaimi Bakce Efriyeldi, Efriyeldi Eldina Fatimah Elizal, Elizal Ella Meilianda Elsa Eka Putri Emilda Firdaus Erwin Azizi Jayadipraja, Erwin Azizi Erwin Lingga Fachrurrazi Fachrurrazi Fachrurrazi Fachrurrazi Fachrurrazi Fachrurrazi Fadhila, Mahdia Fadhliyah Malik Fahira, Adhita Fiky Fahrur Rozi Fandi Handika Arta Fathurrahman, Febri Fildayanti, Nunung Firdayana, Sunita Fitiansyah, Aidil Fitrawan, La Ode Muhammad Fitri, Devi Yulia Gisya, Gina Gunawan Mahara Habibullah, Ridwan Hade Mulyadi Hafizhah, Hafizhah Haiqal, Muhammad Rafi Halid, Nur Hatidjah Awaliyah Halik, Halik Hanies Ambarsari Hanifaturrahmi Andrina Haofu, La Ode Muhammad Hidayat Harianja, Ronitua Saut Marito Haryati Haryati Hasanah, Nur Uswatun Hilman, Seprian Humayra, Siti Ibdayanti, Dinda Rizka Iin Shabrina Hilal Ilham Ilahi Ilyas Y, Muhammad Ilyas Y., Muhammad - imadduddin, Imadduddin Indalifiany, Astrid Indri Wulandari, Indri Irham, Rais Tamim Irma Irma Irmawati Irmawati Irnawati Irnawati Irvina Nurachmi Jabbar, Asriullah Jahwara, Ibnu Habib Jufri, Dwi Arini Juwita, Diana Kana, Febrina Kasmira, Febriyanti Kesuma, Putra Aulia Khairunnisa, Nisrina Kurniati Kurniati kusnan, adius Lasaima, Hasyiatul Rahmi Lingga, Erwin Livi, Aldisa Sipti Lubis, Abdillah M. Farid Akbar Elzam Maatitawaer, Natasya Debora C Made Bayu Anggara, I Mahara, Gunawan Mahmuddin Mahmuddin Mahmuddin Mahmuddin Mahmuddin, Mahmuddin - Manik, Pilipus Fiter Mariatul Kiftiah Mastura, Cut Annisa Widya Sari Maulana, Fariz Maulina, Febriyanti Medyan Riza Mega Fatimah Rosana Mega Yunita Mei Fita Asri Untari Melas, Febi Betania Merian, Rena Dian Misnah, Siti Muhammad Andika Prakarsa Muhammad Isya Muhammad JAMIL Muhammad Zainal Abidin Mukmin Mukmin musfichin, musfichin Muslifah, Wa Ode Musrifin Galib Musrifin Ghalib Mustaqim Mustaqim, Mustaqim Naari, Asnarwaty Nabilla, Lulu Nabilla, Lulu Mayna Nadeak, Paulinus Nainggolan, Robby Nasrudin Neni Hermita Ningsi, Nadila Puspita Ningsih, Aprilia Surya Nirwati Rusli Nirwati, Andi Noprianda, Renza Novia Dewi Novriadi, Yoga Nur Hikmah Nur Illiyyin Akib Nurhadi Hodijah Nurhikma, Nurhikma Nurman Said Nursyirwani, Nursyirwani Nurul Malahayati Nurul Malahayati Nurul Qomar Okwani, Yustian Pahmiah, Pahmiah Pasaribu, Parlin S Pascayantri, Asniar Pinta Sari Pradana, Hangga Prakarsa, Muhammad Andika Prayitno, Betari Erlinda Puspita, Devi Putra, Agus Kuniawan Qur’ani, Qur’ani R, Nurcahyani Pratiwi Radiyah, Isna Rahayu, Faulia Fajar Rahman Rahman RAHMAT MULIADI, RAHMAT Rahmat, Aan Nur Rahmawati, Rahmawati Rahmawati, Riski Ramadhan, Alif Ridho Ramadhan, Fauzi Rambe, Pahala Roy rangki, la Ranti, Putri Reja Pahlevie, Ricky Ridwan Manda Putra Rifaldi Rifaldi, Rifaldi Rifardi Rifa’atul Mahmudah Rizky Triananda Rosmeydar, Rosmeydar S, Gunawan Said Fachreza Saida, dan Saidy, Emily Nur Saiful Husin Saiful Husin Sakti Hutabarat Salem, Sri Rahayu Saltar, Laode Saputri, Desmy Elviyanti Dwi Satyawira, Immanuel Grahan Deyon Sejati, Muhammad Imam Setiawan, Laode Wawan Seven, Diko Alafchan Shanty Komalasari, Shanty Sheptian, Zetvi Shorea Khaswarina Sida, Nurramadhani A. Sinaga, Ogesnain Sinaga, Rugun Sipahutar, Alan Nuari Sitorus, Gideon Dody Tama Situmorang, Ally Wibowo Sofia Anita Sofyan H. Siregar Sofyan Husein Siregar Solo, Dian Munasari Sriwanita, Capra Suhadi Suhadi Sukmadi, Arfiyan Sukurni, Sukurni Sulsiah, Sulsiah Suryani Suryani Susanty, Sry Sutikno, Sigit Syafruddin Nasution Syaiful Hadi Syarif, Wilman Syarifuddin Syarifuddin Tanjung, Doli Juni Setia Tengku Nurhidayah Thamrin Thamrin Tri Yolanda Ariska Tripoli Tripoli Ulfa Ulfa Ulva, Sitti Marya Vikri, Ahmad Vivi Oktaviani wahyuni wahyuni Wardi, Roni Wati, Reza Ambar Wawan Gunawan Widuri, Falsabila Yasmin, Siti Zalika Yuldiati, Memi Yulia Hairina Yulia Hayati Yunia Shofiasti Yusmini, Yusmini Yusni Ikhwan Siregar Yusria Darma Zahra, Nurul Ziana, Ziana Zulfahnur, Zulfahnur Zulhamid Ridho Zulkarnain Zulkifli Halid Zulkifli Zulkifli Zulkifli, Munirah