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BALANCING RISK AND INCENTIVES: INTEGRATING MRG INTO FIXED PAYMENT MECHANISMS ON HOSPITAL PPP STRUCTURES Abdul Fatah, Anton; Iqbal, Roihans Muhammad
Akurasi : Jurnal Studi Akuntansi dan Keuangan Vol 7 No 2 (2024): Akurasi: Jurnal Studi Akuntansi dan Keuangan, Desember 2024
Publisher : Faculty of Economics and Business University of Mataram

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.29303/akurasi.v7i2.605

Abstract

The success of a Public-Private Partnership (PPP) project relies on the appropriate risk allocation from the government to the private sector. The government employs mechanisms such as Minimum Revenue Guarantees(MRGs) within PPP project schemes. Research on MRGs, however, remains very limited in the Indonesian context. Therefore, this conceptual study proposes the adoption of minimum revenue guarantees into fixed payment mechanisms in PPP projects within the hospital sector and explores how to integrate several principles of minimum revenue guarantees into a fixed payment structure. This conceptual study employs a literature review approach, examining various studies and existing implementations, and synthesizing them for adoption in the Indonesian context. The conceptual study finds that the principles of minimum revenue guarantees can be adapted to fixed payment schemes in PPP projects for the hospital sector, and private entities can optimize their revenue from certain services.
Implementasi Metode Project Development Routemap pada Proyek KPBU di Indonesia Putri, Nadya; Broto, Agung Budi; Purwanto, Hari; Iqbal, Roihans Muhammad
Journal of Infrastructure Policy and Management (JIPM) Vol. 5 No. 1 (2022): Journal of Infrastructure Policy and Management (JIPM)
Publisher : PT Penjaminan Infrastruktur Indonesia (Persero)

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.35166/jipm.501.0020

Abstract

The availability of road infrastructure is one of the important aspects of accelerating the national development process. With all the fiscal limitations in financing the need for large infrastructure provisions, an optimal funding strategy is needed to achieve development goals through alternative financing of the Public-Private Partnership (PPP) scheme to bridge the financing gap through investment. However, the realization of infrastructure investment is a complex matter, so a quality PPP project preparation and planning process is needed so the project visions can be achieved effectively and efficiently. This study aims to observe the application of the Project DevelopmentRoutemap Method on the Gedebage – Tasikmalaya – Cilacap Toll Road project which is a project carried out by PPP scheme. The Project Development Routemap Method assessed the complexity and strategic risk of a project and assessed the capability of key areas of responsisbility involved, as well as developed reccomendations and action plans as research outputs. Based on the result of the study, it was found that The Gedebage – Tasikmalaya – Cilacap Toll Road is a high-complexity project. The capabilities of the stakeholders including Sponsors (PJPK), Clients (BUJT), Aset Managers (Operators), and Markets (Service Providers) are currently working appropriately, but there are still some areas that need to be improved. Six areas needed improvement, and three practices that were appropriate and needed to be continued.