Surachman, Eko Nur and Setiawan, Hadi (2016) Municipal bonds as the financing strategy for urban infrastructure: case study of Jakarta MRT. Jurnal Keuangan dan Perbankan, 20 (3). pp. 369-381. ISSN 1410-8089
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Abstract
The construction of Jakarta MRT Phase I has been carried out by using funds from foreign debt. Meanwhile, Jakarta MRT Phase II or other local infrastructure projects are still waiting for new funding scheme. One alternative is municipal bonds. This study investigate the possibilities of using municipal bonds to finance urban infrastructure project with the case study of Jakarta MRT Phase I. The analyzed use three perspectives including financial aspect, legal aspect, and Jakarta financial capacity aspect. Financial analysis using discounted cash flow (DCF), net present value (NPV) and internal rate of return (IRR). Secondly, study literature is used in the legal analysis by exploring specific regulations regarding the municipal bonds. Finally, the Jakarta Regional Budget and Jakarta Budget Audit Report is examined to get insight and depth information regarding its financial capacity. The result is municipal bonds are feasible as the source of financing Jakarta MRT Project.
| Item Type: | Article |
|---|---|
| Additional Information: | Nama : Eko Nur Surachman; Nama : Hadi Setiawan |
| Uncontrolled Keywords: | Jakarta MRT Project; Municipal Bonds; Infrastructure financing |
| Divisions: | Fakultas Ekonomi dan Bisnis > D3 Perbankan dan Keuangan |
| Depositing User: | Gendhis Dwi Aprilia |
| Date Deposited: | 27 Dec 2021 04:57 |
| Last Modified: | 27 Dec 2021 13:29 |
| URI: | https://eprints.unmer.ac.id/id/eprint/1118 |
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