Tag: New Yogyakarta International Airport

Jokowi’s State Capitalism: Angkasa Pura I

PT Angkasa Pura I, the state airport management company, booked net profit of Rp1.045 trillion in the first half ended June 30, 2018, an increase of 18% from the corresponding period last year, thanks to strong revenues growth of 18%. The Company also continued its investments, which can be seen in higher cash used in investing activities in the first half.

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Infrastructure Journal

Massive physical construction of New Yogyakarta International Airport (NYIA) in Kulon Progo is set to start this quarter or early second quarter as 98.15% of land needed (587.3 hectares) have been acquired. Angkasa Pura I, the state airport management company, spends Rp4.13 trillion for land acquisition alone.

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