Roads play as a key element in a transportation infrastructure with major role in improving connectivity between regions, driving the economic growth and improving public welfare. Unfortunately, the Semarang-Demak National Road, as a part of Pantura (North Coast) road network frequently experiences severe congestions, tidal flooding and land subsidence as the constraints that able to delay the smoothness flow of goods and services in these areas. To address these issues and improve capacity and quality of transportation services, the government is planning to build the Semarang-Demak Toll Road, integrated with a sea wall. This national strategic project is expected to improve the connectivity along regional areas, shorten the travel times, reduce logistic costs and protect protect coastal areas from tidal flooding threat. The method used in this study was a mixed method where it is a combination between quantitative and qualitative methods aided by sensitivity analysis and SWOT analysis. Result of study on the effect of Delay on NPV and IRR values: from sensitivity analysis, showed that operational delay have a significant negative impact on the financial feasibility of the project. As the delay time increases, NPV and IRR values decrease. Further, in the scenario of delay of more than 10 years (more than 2030), the investment becomes detrimental since the present value of the cash inflow is less than the initial investment. Meanwhile the effective mitigation strategies proposed in this study are: based on the SWOT analysis, there are several effective mitigation strategies to reduce the impact of operational delays such as strengthening cooperation with local government, using appropriate construction technology, and implementing proactive risk management and effective stakeholder management.
Anwar et al. (Fri,) studied this question.
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