POLICY MODEL DEVELOPMENT OF LAND LEASE FINANCING FOR TOLL ROAD PROJECTS

The development of Trans Sumatera Toll Road is experiencing problems with the financial gap. The land lease scheme was proposed in the study as an alternative funding model. The study focused on land lease policy development on toll road projects. The study consisted of three research questions. The data was collected through in-depth interviews conducted in two stages. The data analysis method used for this research is Soft System Methodology (SSM). The results of the research conclude that it is necessary to establish a Government Regulation (PP) on land lease funding, supported by a functional and institutional transformation of State Asset Management Institution (LMAN) in managing land lease funding.