Financial Feasibility Study Batara Kresna Pioneer Train

DOI

10.2991/978-94-6463-384-9_28How to use a DOI?

Keywords

pioneer train; Railbus Batara Kresna; financial feasibility

Abstract

Railbus Batara Kresna is a subsidized pioneer train with a combination of rail and bus construction. The railbus serves a 37km route from Purwosari Station to Wonogiri Station. With a ticket price of only Rp4,000, the railbus has the opportunity to become a feeder train. This pioneering public transport will not always be a pioneer and can turn into commercial public transport. This research aims to analyze the amount of revenue and operational expenses of the railbus as well as to analyze the financial independence and financial feasibility in the future as a transportation business project. The study uses secondary data and will be processed to determine financial independence during the economic life of the facility, which is 30 years. The analysis was conducted using the NPV, IRR, PP, B/C Ratio, and PV/K methods through scenarios of increasing ticket prices ranging from Rp4000, Rp5000, Rp6000, to Rp70,114 by considering PDRB from year to year. The increase in ticket prices aims to reduce the value of subsidies provided by the government. Based on the results of the analysis with scenario 1, scenario 2, scenario 3, and scenario 4, it is known that all results from the NPV, IRR, PP, B/C Ratio, and PV/K methods of the transportation business project show negative results, which means the project is not feasible. The unviability is due to the imbalance between revenue and expenditure. But it does not rule out the possibility, this project in the future can become a commercial railway with the support of increasing the number of passengers and replacing the R.42 rail to R.54 rail where the travel time offered is faster and trying to hold the public to use railbus in mobilizing in various ways through promotional activities.

Copyright

© 2024 The Author(s)

Open Access

Open Access This chapter is licensed under the terms of the Creative Commons Attribution-NonCommercial 4.0 International License (http://creativecommons.org/licenses/by-nc/4.0/), which permits any noncommercial use, sharing, adaptation, distribution and reproduction in any medium or format, as long as you give appropriate credit to the original author(s) and the source, provide a link to the Creative Commons license and indicate if changes were made.

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TY  - CONF
AU  - Genny Kusuma Dewi
AU  - Sapto Priyanto
AU  - Nanda Ahda Imron
PY  - 2024
DA  - 2024/02/20
TI  - Financial Feasibility Study Batara Kresna Pioneer Train
BT  - Proceedings of the 2nd International Conference on Railway and Transportation 2023 (ICORT 2023)
PB  - Atlantis Press
SP  - 323
EP  - 331
SN  - 2352-5401
UR  - https://doi.org/10.2991/978-94-6463-384-9_28
DO  - 10.2991/978-94-6463-384-9_28
ID  - Dewi2024
ER  -