Public Private Partnership in Development and Operation of Warnasari Port of Cilegon City

The development and operation of the Warnasari Port by the Cilegon City Government must be carried out immediately. By granting rights to manage 45 hectares of land to PT. The Cilegon Mandiri Port development will soon be realized. With limited costs and experience, the financing model will be carried out through the Public Private Partnership (PPP) mechanism. This study aims to examine the feasibility of investment and the mechanism of cooperation between the government and the private sector. A port construction and operation scenario has been prepared. The amount of investment, expenditure and income has been made. After an analysis using investment criteria, it can be concluded that, Net Present Value = Rp.1, 994, 758 (in million rupiahs), Gross B / C = 1.8, Net B / C = 2, 71, Profitability Index = 3, 17, IRR = 26.21 %, Pay Back Period 7.1 years, BEP = 9.95 years. Thus the project is feasible and profitable. Sensitivity analysis by changing interest rates, investment costs and income to see the effect on the acceptability of an alternative investment. From the results of the investment feasibility study, the profit calculation obtained by PT. Pelabuhan Cilegon Mandiri and the City Government of Cilegon if a Public Private Partnership is collaborated with a private company. Profit received by PT. The Port of Cilegon Mandiri is 9, 383, 215 (in million rupiah). While the profit received by the City Government of Cilegon reached 998, 386 (in million rupiah).