Evaluating social infrastructure financial feasibility with life cycle costing methods

Social infrastructure is defining as a physical facility that has been build for local community provided by government, private, or even from other institution. Social infrastructure dedicated to a function of place, for a particular group of people or those with special needs. The social infrastructure concept that will be discussed in this research is Road Side Station, adopted from Japanesse Michinoeki. Similar with michinoeki, the road side station is predefined to organize service functions to road users, economic empowerment of local community, and part of incubation service for its surrounding area. Diffrent from highway’s rest area that located at highway (toll road), the road side station will be located at nation road’s side. In 2016, the Ministry of Public Works dan Housing developing a pilot project of road side station located in Tugu, Trenggalek District, East Java Province. According to that, this research is aim to analyze a model for evaluating social infrastructure financial feasibility, based on case study in Tugu’s Road Side Station. This research used quantitative approach and then the Life Cycle Costing (LCC) methods will analyze and evaluate the financial modelling from construction phase to operating. With LCC methods, the percentage of Operation and Maintenance Cost (OM Cost) from all of the Capital Expenditure Cost (CAPEX Cost) can be calculate. Finally, the result shows that developing and operating Tugu’s road side station through out its life cycle is financially feasible, according to the LCC analyze.

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