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All Journal CSID Journal of Infrastructure Development
Susilowati, Suci Indah
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Civil Engineering, Building, Construction & Architecture Decision Sciences, Operations Research & Management Engineering Social Sciences

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Risk Analysis on Conceptual Design of Soekarno – Hatta International Airport Rail Link Project Using Value Engineering Rahman, Herawati Zetha; Berawi, Mohammed Ali; Susilowati, Suci Indah; Miraj, Perdana; Petroceany, Jade S.
CSID Journal of Infrastructure Development Vol. 1, No. 1
Publisher : UI Scholars Hub

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Abstract

The Soekarno-Hatta International Airport Rail Link (SHIARL) project is arguably one of the best solutions to reduce uncertainty in travel time and to improve accessibility to and from Soekarno-Hatta International Airport. Due to low feasibility assessments, the private sector is holding back on their investment for this mega project infrastructure; therefore, a comprehensive study is required to improve project return on investment attractiveness. This study mainly identifies major risks and mitigation strategies by combining Value Engineering (VE) and Risk Management (RM). Questionnaire surveys and risk analysis will be used to respond to the research objectives and the analysis will be presented in the methodology section. The VE process produces additional functions as the integration of the MRT line, the Flood Control Tunnel (PRASTI), the Rail Link and infrastructure utilities which are expected not only to solve transportation problems, but also flood control problems in Jakarta. On the other hand, the RM process points out route selection error as a major risk that has to be mitigated for a successful project.
Evaluating Insurance Funds as A Financing Source for Infrastructure Development: A Case Study of Indonesia Berawi, Mohammed Ali; Dikun, Suyono; Bintoro, Ristu; Sari, Mustika; Susilowati, Suci Indah
CSID Journal of Infrastructure Development Vol. 6, No. 1
Publisher : UI Scholars Hub

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Abstract

There is a funding deficit that cannot be covered by relying solely on government money to build Indonesia’s Infrastructure; consequently, additional sources of financing are engaging the private sector to fill the gap. Insurance funds are an alternative funding source in many countries, although their application is still at an early stage. By assessing the risks faced by insurance companies involved in infrastructure investment, this paper attempts to evaluate the use of insurance money as an alternative funding source for infrastructure investment in Indonesia. The analytical hierarchical process (AHP) technique was used in the quantitative methodology of this study to evaluate the risks faced by insurance companies when investing in infrastructure and to identify strengths and limitations. The results show that insurance funds are a possible alternative funding source for infrastructure projects in Indonesia; as a result, the government provides the necessary instruments, such as important policies and attractive partnership structures and models.
Co-Authors Bintoro, Ristu Herawati Zetha Rahman Mohammed Ali Berawi Mustika Sari, Mustika Perdana Miraj Petroceany, Jade S. Suyono Dikun