Financial Feasibility Analysis of Terminal Construction Project at Motaain Checkpoint Crossing in Belu Regency

One of the borders of Indonesia is located in Belu Regency, East Nusa Tenggara Province where the checkpoint crossing is located in which it borders the Democratic Republic of Timor-Leste; i.e. the Motaain Checkpoint Crossing. Previously, the existence of its terminal did not have complete facilities that were fully adequate as a A-type terminal and did not have supporting facilities to become a commercial area. Currently, the terminal construction project is being carried out to provide convenience for its users and gain income. It is planned to have several places that will be leased. By having the terminal construction project in the checkpoint crossing, we can review the performance of Atype terminal, economic feasibility for the government, and benefits for the community. To analyze the financial feasibility of the checkpoint crossing's terminal construction project, the indicators used to calculate financial feasibility include Net Present Value (NPV), Benefit Cost Ratio (BCR), Internal Rate of Return (IRR), and return on capital to break even using the Payback Period (PBP) method. Based on the calculation of economic analysis using several indicators, it was found that the Net Present Value (NPV) is IDR 44,503,687,056, Benefit Cost Ratio (BCR) is 1,49, the value of BCR > 1, Internal of Return (IRR) > 12%; that is 19%, and Payback Period (PBP) in 2024 or the 8th year is IDR 5,871,957,983. Based on these findings, the construction project of the Motaain Checkpoint Crossing is feasible considered to be feasible