Evaluation of Toll Rates with the Ability to Pay and Willingness to Pay Approach to Implementation on the Trans Sumatra Toll Road Pekanbaru Dumai Section
Journal Title: International Journal of Current Science Research and Review - Year 2024, Vol 7, Issue 12
Abstract
The Pekanbaru-Dumai Trans Sumatra Toll Road project is an economically feasible project but not financially feasible. This study aims to assess the feasibility of toll roads that have low financial viability. Data analysis involves the relationship between the ability to pay (ATP) and willingness to pay (WTP), as well as financial evaluation using FIRR, NPV, and Payback Period. The results of the study show that the Trans Sumatra toll road Pekanbaru Dumai section needs a financial evaluation. The evaluation showed an average ability to pay (ATP) of IDR 237,461.00 and an average willingness to pay (WTP) of IDR 146,046.00. The research found that the optimal rate is IDR 115,500.00 that users can accept. The Financial Internal Rate of Return (FIRR) of the project based on ATP and WTP rates is 8.97%, indicating a relatively low rate of return compared to the Business Plan. Innovative strategies in operational management, including service efficiency and revenue diversification, can improve financial performance and ensure long-term investment continuity.
Authors and Affiliations
Novian Anugerata, Eka Pria Anas,
Keywords
Related Articles
- EP ID EP754051
- DOI 10.47191/ijcsrr/V7-i12-80
- Views 8
- Downloads 0
Stress Levels with Blood Sugar Levels in Type II Diabetes Mellitus Patients in Padang City in 2024
Diabetes mellitus is a chronic disease that often causes stress. Several studies have shown that stress is a factor that triggers blood sugar levels to rise. The purpose of the study was to determine the relationship bet...
Comparative Analysis of Volatility Levels of 10 Stock Indices on the Indonesian Stock Exchange on 2 Economic Events Using Time Series Econometric Methods
The purpose of this study is to determine the level of volatility of the 10 Stock Indices on the IDX during COVID-19 Economic Crisis and in the Economic Recovery periods in order to understand the benefits and risks of i...
Cancel Culture: Unveiling the Dark Side of Social Media for Brands – A Systematic Literature Review
The phenomenon and terminology of cancel culture are proliferating with the increasing use of social media in Indonesia. Through these platforms, the cancel culture movement is widespread and poses a significant threat t...
Code Switching and Code Mixing in Modern Public Communication (Indonesian Sociolinguistic Analysis)
This study seeks to examine how language is used in the social interactions of contemporary Indonesian society. The language use in question is an example of how modern culture in Indonesia interacts through code switchi...
Optimizing User Experience: A Data-Driven Approach to Enhancing B2B Invoicing Efficiency across Multiple Platforms PT Pakar Digital Global
This study is a deep dive into applying data-driven decision-making strategies to enhance user experience and efficiency in B2B invoicing across multiple platforms at Paper.id. Given the fintech industry’s rapid evolutio...