Bali airport developer signs agreement with Chinese company

Tourism investment: A villa under renovation next to rice fields in Canggu, Bali. Amid resistance to mass tourism, Subianto says the development of a new airport in the island’s north would help turn the province into a “new Singapore or new Hong Kong”. — AFP

JAKARTA: A project for a new airport to be built in northern Bali has moved forward with its initiator, PT BIBU Panji Sakti, signing a heads of agreement (HoA) with a Chinese company, ChangYe Construction Group.

BIBU Panji Sakti president director Erwanto Sad Adiatmoko Hariwibowo said that two weeks after signing a memorandum of understanding (MoU) at the Indonesian Embassy in Beijing, the partnership continued with the signing of an HoA.