In the heart of Bali, a groundbreaking study is reshaping the way investors and stakeholders view infrastructure projects, particularly in the road construction sector. I Wayan Putra Jayantara, a researcher from Universitas Negeri Medan, has conducted a comprehensive financial feasibility analysis of an Asphalt Mixing Plant (AMP) investment in Gianyar Regency, offering valuable insights into the profitability and long-term viability of such ventures.
The study, published in *Jurnal Ilmiah Telsinas* (Scientific Journal of Telsinas), focuses on the transition from traditional penetration macadam to hot mix asphalt (HMA), a shift driven by the increasing demand for high-performance roads in Indonesia. “The availability of adequate road infrastructure is crucial for supporting mobility and regional economic growth,” Jayantara explains. His research underscores the importance of reliable production facilities like AMPs to meet this growing demand efficiently.
Jayantara’s analysis employs five key financial indicators: Net Present Value (NPV), Internal Rate of Return (IRR), Benefit Cost Ratio (BCR), Break Even Point (BEP), and Annual Equivalent (AE). The data, collected from the company’s records of hotmix production and sales between 2014 and 2020, paint a compelling picture of financial viability. The NPV stands at Rp. 33.421.961.979, with an IRR of 18%, surpassing the Minimum Attractive Rate of Return (MARR) of 16%. The BEP was achieved impressively within the seventh month of 2015, while the AE value reached Rp. 4.774.565.997 per year, and the BCR was calculated at 1,244.
These findings confirm that the AMP project is not only financially viable but also highly profitable. “This study provides practical insights for investors and stakeholders in making data-driven decisions for infrastructure investments,” Jayantara notes. The research is particularly relevant for the energy sector, as the shift to HMA underscores the need for efficient asphalt production facilities to ensure a consistent supply and support sustainable infrastructure development.
The implications of this study extend beyond Bali, offering a blueprint for similar projects across Indonesia and beyond. As the demand for high-performance roads continues to grow, the insights from Jayantara’s research could shape future developments in the field, ensuring that investments in infrastructure are both profitable and sustainable. For professionals in the energy and construction sectors, this study serves as a valuable resource, highlighting the importance of financial feasibility analysis in driving successful infrastructure projects.