Financial Feasibility of The Application of Electronic Parking Terminals on Jalan Ngurah Rai, Gianyar Regency

The increasing in the number of vehicles in Gianyar Regency has an effect on parking needs, as happened in Jalan Ngurah Rai, Gianyar Regency. The application of Electronic Parking Terminals (TPE) is done as a form of efforts to reform the management of parking management and to reduce leakage in the Original Local Revenue (PAD). The purpose of this study was to study the characteristics of parking and the financial feasibility of implementing Electronic Parking Terminals on Jalan Ngurah Rai, Gianyar Regency.

The data used in this study contain primary data obtained through parking inventory surveys, parking patrol surveys, and secondary data consisting of PD parking revenue data, Electronic Parking Terminal equipment price data, obtained from the Transportation Department of Gianyar Regency. To determine financial feasibility, investment valuation considerations, i.e.

by analyzing NPV, BCR, and IRR.

The characteristics of parking for motorbikes are: 95 SRP parking inventory, parking volume in 14 survey hours is 2147 vehicles, average accumulation is 117 vehicles / hour, parking duration is 0.9318 hours, parking distribution is 85.7% in payment time 0-1 hours, parking turnover rate is 1,614 hours, parking capacity is 102 vehicles / hour, parking is 1356 vehicles, and parking index is 1,148. Characteristics of parking for light vehicles, namely: 88 SRP parking inventory, parking volume in 14 survey hours is 837 vehicles, an average of 78 vehicles / hour, parking duration of 1.0182 hours, parking distribution of 77.42% in the duration of 0-1 hours, parking turnover rate of 0.672 hours, parking capacity of 85 vehicles / hour, provision parking of 1128 vehicles, and a parking index of 0.92. From the financial feasibility analysis for scenario 1 (fixed rate LV = 2000 / once parking, MC = 1000 / once parking) obtained NPV = Rp3,153,280,747> 0, BCR = 1,634> 1, and IRR = 51%> MARR = 20 %. For scenario 2 (fixed parking rate, LV = Rp3,000 / hour, MC = Rp2000 / hour) an NPV = Rp8,998,418,237> 0, BCR = 2,810> 1, and IRR = 136%> MARR = 20%. For scenario 3 (fixed parking rate, first hour LV = Rp3000, MC = Rp2000, next hour increase LV = 2000 / hour, MC = 1000 / hour) NPV = Rp11,625,402,449> 0, BCR = 3,338> 1, and IRR = 174%> MARR = 20%. So the evaluation of the Application of Electronic Parking Terminals from 3 feasible tariff scenarios.