30 global and domestic investors have expressed their interest to Kualanamu International Airport project in Medan, North Sumatra, said CEO PT Angkasa Pura (AP) II on Monday (Feb 10). The investors come from East Asia, West Asia, Southeast Asia and Europe.

CEO of state-owned airport operator, Muhammad Awaluddin, targeting the submission of bid documents from the potential strategic partners will be accepted at the end of June, 2020. He adds, “We are targeting a series of selection to get the world class strategic partner to be completed in the fourth quarter of 2020.”

Later on, AP II and the strategic partner will become shareholders of PT Angkasa Pura Aviasi, the operator of Kualanamu with a 25-year concession period. The operator will hold a minimum 51 percent shares at the unit and the others for the strategic partner.

After the concession period is complete, the management rights along with the existing assets will be fully returned to the company, he stated. With the expansion program, said the CEO, the capacity of the airport its expected will gradually rise to 40 million passengers a year, from the current number around 11 million passengers per annum.