VIVAnews - The government will maintain single majority share ownership with regard to transportation and trading business units which involve foreign investors, said Director of Air Transportation at the Department of Transportation Tri S Sunoko on Saturday, Jan 31.
The coordination meeting of several ministers including Transportation Minister, Trade Minister and Finance Minister, resulted in an agreement that a partnership with foreign investors will still secure national interests.
Sunoko said that if the composition of share ownership is 51:49, then the government will control 51 percent while the local or foreign investor may possess the remaining shares. "If the scheme is 4:25, Indonesia must own 26 percent [of the shares]," he said.
The commitment is, he said, in line with the regulations which protect national assets.
In Law No. 1/2009 on Aviation, there is a stipulation on the improvement of the roles of private parties and regional governments in managing airports, including international airports. To this regard, the government will still apply the principle of majority shareholding.
Record showed that there are 187 public airports listed in Indonesia. 162 of the total amount are managed by Technical Executing Unit at the Department of Air Transportation; 25 airports are managed by PT Angkasa Pura I and II; and one airport is managed by Indonesian Legal Entity.
It is planned that some airports will be modified to international airports to attract private investors, both local and foreign.
Translated by: Bonardo Maulana Wahono
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