Indonesia’s Kualanamu Airport to receive makeover in $6 billion investment


Kualanamu International Airport (KNO) is about to receive a billion-dollar makeover. GMR Airports Consortium, jointly owned by India's GMR Group and France's Aeroports de Paris Group, won a contract at the end of November 2021 to operate Kualanamu International Airport with local state-operator Angkasa Pura II.

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Under the partnership tender announcement released by Angkasa Pura II,  the group plans to turn the regional airport in Northern Sumatra province into one of the region’s busiest airports.

With a goal to reach 50 million passengers every year, the plan will see KNO airport’s passenger numbers rise five-fold, comparable to the passenger traffic levels of Malaysia’s Kuala Lumpur International Airport (KUL) and Singapore’s Changi International Airport (SIN) prior to the pandemic. 

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The three companies, India’s GMR Group, Aeroports de Paris Group and Angkasa Pura II, will form a joint venture called Angkasa Pura Aviasi, which will be majority-owned by Angkasa Pura II.

Angkasa Pura Aviasi will operate Kualanamu under a 25-year "strategic partnership" worth $6 billion (IDR 85 trillion).

"Development at Kualanamu International Airport is focused on strengthening international connectivity and involving the private sector to realize 3Es, namely: Expansion of traffic, Expertise sharing and Equity partnership. Aviation traffic will increase, then there will be a transfer of technology and expertise, as well as a share of capital at Kualanamu International Airport,” said Angkasa Pura II President Director Muhammad Awaluddin in the press statement.

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He added: "We have criteria that must be met by strategic partners, including having experience and a network of both airports and airlines so that Kualanamu International Airport will later become part of the network and synergize in developing routes and services for airlines, passengers and cargo." 

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