Project Description. Tegal is one of the coastal cities of central Java. Alam Indah Beach that located on Pantura path way which is man path in commodity and services in Java. PAI located in Sangir street, Mintaragen Village, Sub distritct Tegal Timur, has a high potency to be developed. The development according to the master plan consist swimming pool, play ground, game room, souvenir kiosk, cafeteria, open stage, garden, praying room, car park, cottage, hotel, and commercial area. The main income of investor is come from the entrance ticket/charge and kiosk rent.Existing Conditions
Alam Indah Beach is manage by transportation, tourism and cultural art Bureau of Tegal city, it has 21 ha wide land that located in the urban area, so it is easy to access. The slight slope beach is not affected by abrasion. Exactly there is sedimentation with the average 3 cm per year. The sand is cohesive with brown color and absorb the water so it not easy to get flood. The beach shape is plain and clean, spread along 1,600 m along the coast. PAI has been the official beach tourism object since 1978.
The infrastructure of PAI are :
a. Land and sea tourism, traffic garden and play ground.
b. Commercial area consist kiosk and cafeteria.
c. Open stage to perform art and culture.
The populations of Tegal City in 2005 are 245,324 persons, 122,969 males and 122,355 females with 0,06% growth average per year.
Financial analysis
Investment coast : US $ 19,468,739
NPV : US $ 23,450,412
IRR : 23,57%
Payback Period : 8 years
Note : Discounted rate 16%, US $ 1 = IDR 9.000
Government Incentives
1. Area or land is facilitated by regency government.
2. Free document/registration (principal, location, and manufacture registration)
Investment Scheme
Joint Operation (JO) or Joint Venture (JV)
Land Status
Land owned by Petindo III Tegal branch and already rent by local government.
