Jawaban 1A

Kapasitas/
No Tahun Kapasitas/Hari
Tahun

1 2019 65,000 23,725,000

2 2020 91,000 33,215,000
3 2021 111,700 40,770,500
4 2022 130,000 47,450,000
5 2023 130,000 47,450,000
6 2024 130,000 47,450,000
7 2025 130,000 47,450,000
8 2026 130,000 47,450,000
9 2027 130,000 47,450,000
10 2028 130,000 47,450,000
11 2029 130,000 47,450,000
12 2030 130,000 47,450,000
13 2031 130,000 47,450,000
14 2032 130,000 47,450,000
15 2033 130,000 47,450,000
16 2034 130,000 47,450,000
17 2035 130,000 47,450,000
18 2036 130,000 47,450,000
19 2037 130,000 47,450,000
20 2038 130,000 47,450,000
21 2039 130,000 47,450,000
22 2040 130,000 47,450,000
23 2041 130,000 47,450,000
24 2042 130,000 47,450,000
25 2043 130,000 47,450,000
26 2044 130,000 47,450,000
27 2045 130,000 47,450,000
28 2046 130,000 47,450,000
29 2047 130,000 47,450,000
30 2048 130,000 47,450,000
31 2049 130,000 47,450,000
32 2050 130,000 47,450,000
33 2051 130,000 47,450,000
34 2052 130,000 47,450,000
35 2053 130,000 47,450,000
36 2054 130,000 47,450,000
37 2055 130,000 47,450,000
38 2056 130,000 47,450,000
39 2057 130,000 47,450,000
40 2058 130,000 47,450,000

Sebelah kiri jawaban 1A dan Sebelah kanan 1B

 Jawaban 1C
Tarif masyarakat rata-
rata
Initial Investment ###
Year Jumlah Tarif rata-rata
penumpang masyarakat Tarif
10,000 34,100
2019 23,725,000 237,250,000,000 34,100
2020 33,215,000 350,418,250,000 35,976
2021 40,770,500 453,785,857,625 37,954
2022 47,450,000 557,177,532,438 40,042
2023 47,450,000 587,822,296,722 42,244
2024 47,450,000 620,152,523,041 44,567
2025 47,450,000 654,260,911,809 47,019
2026 47,450,000 690,245,261,958 49,605
2027 47,450,000 728,208,751,366 52,333
2028 47,450,000 768,260,232,691 55,211
2029 47,450,000 810,514,545,489 58,248
2030 47,450,000 855,092,845,491 61,451
2031 47,450,000 902,122,951,993 64,831
2032 47,450,000 951,739,714,352 68,397
2033 47,450,000 1,004,085,398,642 72,159
2034 47,450,000 1,059,310,095,567 76,127
2035 47,450,000 1,117,572,150,823 80,314
2036 47,450,000 1,179,038,619,118 84,732
2037 47,450,000 1,243,885,743,170 89,392
2038 47,450,000 1,312,299,459,044 94,309
2039 47,450,000 1,384,475,929,292 99,496
2040 47,450,000 1,460,622,105,403 104,968
2041 47,450,000 1,540,956,321,200 110,741
2042 47,450,000 1,625,708,918,866 116,832
2043 47,450,000 1,715,122,909,403 123,258
2044 47,450,000 1,809,454,669,421 130,037
2045 47,450,000 1,908,974,676,239 137,189
2046 47,450,000 2,013,968,283,432 144,734
2047 47,450,000 2,124,736,539,021 152,694
2048 47,450,000 2,241,597,048,667 161,093
2049 47,450,000 2,364,884,886,343 169,953
2050 47,450,000 2,494,953,555,092 179,300
2051 47,450,000 2,632,176,000,622 189,162
2052 47,450,000 2,776,945,680,657 199,566
2053 47,450,000 2,929,677,693,093 210,542
2054 47,450,000 3,090,809,966,213 222,121
2055 47,450,000 3,260,804,514,355 234,338
2056 47,450,000 3,440,148,762,644 247,227
2057 47,450,000 3,629,356,944,590 260,824
2058 47,450,000 3,828,971,576,542 275,170
64,357,590,122,430

Total PV masing-
masing tarif dikurang
initial investment 48,357,590,122,430

Selisih antara net

total PV tarif
masyarakat rata-rata
dengan tarif resmi

Setelah membandingkan kedua tarif tersebut, jika proyek MRT dilanjutkan tanpa
subsidi dari pemerintah maka akan mengalami kerugian sebesar 155.101.792.195.055
yang dapat dilihat dari selisih antara net total PV tarif masyarakat rata-rata dengan tarif
resmi. Selain itu, terdapat perbedaan tarif yang jauh lebih mahal jika menggunakan tarif
resmi.
 Jawaban 1A
Tarif rata-rata Growth Tarif setelah subsidi
Growth Tarif = 5,50% berdasarkan asumsi Tarif = berdasarkan asumsi Tahun
kenaikan 5,50% kenaikan

10,000 237,250,000,000 24,100 571,772,500,000 1

10,550 350,418,250,000 25,426 844,507,982,500 2
11,130 453,785,857,625 26,824 1,093,623,916,876 3
11,742 557,177,532,438 28,299 1,342,797,853,174 4
12,388 587,822,296,722 29,856 1,416,651,735,099 5
13,070 620,152,523,041 31,498 1,494,567,580,529 6
13,788 654,260,911,809 33,230 1,576,768,797,459 7
14,547 690,245,261,958 35,058 1,663,491,081,319 8
15,347 728,208,751,366 36,986 1,754,983,090,791 9
16,191 768,260,232,691 39,020 1,851,507,160,785 10
17,081 810,514,545,489 41,166 1,953,340,054,628 11
18,021 855,092,845,491 43,430 2,060,773,757,633 12
19,012 902,122,951,993 45,819 2,174,116,314,302 13
20,058 951,739,714,352 48,339 2,293,692,711,589 14
21,161 1,004,085,398,642 50,998 2,419,845,810,726 15
22,325 1,059,310,095,567 53,803 2,552,937,330,316 16
23,553 1,117,572,150,823 56,762 2,693,348,883,484 17
24,848 1,179,038,619,118 59,884 2,841,483,072,075 18
26,215 1,243,885,743,170 63,177 2,997,764,641,039 19
27,656 1,312,299,459,044 66,652 3,162,641,696,297 20
29,178 1,384,475,929,292 70,318 3,336,586,989,593 21
30,782 1,460,622,105,403 74,185 3,520,099,274,020 22
32,475 1,540,956,321,200 78,266 3,713,704,734,092 23
34,262 1,625,708,918,866 82,570 3,917,958,494,467 24
36,146 1,715,122,909,403 87,112 4,133,446,211,662 25
38,134 1,809,454,669,421 91,903 4,360,785,753,304 26
40,231 1,908,974,676,239 96,957 4,600,628,969,735 27
42,444 2,013,968,283,432 102,290 4,853,663,563,071 28
44,778 2,124,736,539,021 107,916 5,120,615,059,040 29
47,241 2,241,597,048,667 113,851 5,402,248,887,287 30
49,840 2,364,884,886,343 120,113 5,699,372,576,088 31
52,581 2,494,953,555,092 126,719 6,012,838,067,773 32
55,473 2,632,176,000,622 133,689 6,343,544,161,500 33
58,524 2,776,945,680,657 141,042 6,692,439,090,383 34
61,742 2,929,677,693,093 148,799 7,060,523,240,354 35
65,138 3,090,809,966,213 156,983 7,448,852,018,573 36
68,721 3,260,804,514,355 165,617 7,858,538,879,595 37
72,501 3,440,148,762,644 174,726 8,290,758,517,972 38
76,488 3,629,356,944,590 184,336 8,746,750,236,461 39
80,695 3,828,971,576,542 194,475 9,227,821,499,466 40

Total NPV Rata-Rata

ebelah kiri jawaban 1A dan Sebelah kanan 1B
Investasi A
 Total NPV dikurang I

Tarif Masyarakat Rata-

Tarif Setelah Subsid

1C

Tarif resmi setelah subsidi

16,000,000,000,000.00

Tarif resmi
34,100
809,022,500,000
1,194,926,232,500
1,547,409,774,501
1,899,975,385,612
2,004,474,031,821
2,114,720,103,571
2,231,029,709,267
2,353,736,343,277
2,483,191,842,157
2,619,767,393,476
2,763,854,600,117
2,915,866,603,123
3,076,239,266,295
3,245,432,425,941
3,423,931,209,368
3,612,247,425,883
3,810,921,034,307
4,020,521,691,194
4,241,650,384,209
4,474,941,155,341
4,721,062,918,885
4,980,721,379,423
5,254,661,055,291
5,543,667,413,332
5,848,569,121,066
6,170,240,422,724
6,509,603,645,974
6,867,631,846,503
7,245,351,598,060
7,643,845,935,954
8,064,257,462,431
8,507,791,622,865
8,975,720,162,122
9,469,384,771,039
9,990,200,933,446
10,539,661,984,786
11,119,343,393,949
 11,730,907,280,616
12,376,107,181,050
13,056,793,076,008
219,459,382,317,485

203,459,382,317,485

155,101,792,195,055

ka proyek MRT dilanjutkan tanpa

kerugian sebesar 155.101.792.195.055
V tarif masyarakat rata-rata dengan tarif
jauh lebih mahal jika menggunakan tarif
 Jawaban 1B
PV Tarif
NPV pertahun
Masyarakat Rata- 1/(1+r) 1/(1+r)^t PV Setelah Subsidi 1/(1+r) 1/(1+r)^t
Masyarakat Rata-Rata
Rata

237,250,000,000 0.909 0.909 215,660,250,000 571,772,500,000 0.909 0.909

332,150,000,000 0.909 0.826 274,449,234,150 800,481,500,000 0.909 0.826
407,705,000,000 0.909 0.751 306,222,915,650 982,569,050,000 0.909 0.751
474,500,000,000 0.909 0.683 323,960,268,061 1,143,545,000,000 0.909 0.683
500,597,500,000 0.909 0.621 310,676,277,269 1,206,439,975,000 0.909 0.621
528,130,362,500 0.909 0.564 297,936,996,520 1,272,794,173,625 0.909 0.564
557,177,532,438 0.909 0.513 285,720,089,978 1,342,797,853,174 0.909 0.513
587,822,296,722 0.909 0.466 274,004,137,688 1,416,651,735,099 0.909 0.466
620,152,523,041 0.909 0.424 262,768,598,022 1,494,567,580,529 0.909 0.424
654,260,911,809 0.909 0.385 251,993,771,660 1,576,768,797,459 0.909 0.385
690,245,261,958 0.909 0.350 241,660,767,053 1,663,491,081,319 0.909 0.350
728,208,751,366 0.909 0.318 231,751,467,300 1,754,983,090,791 0.909 0.318
768,260,232,691 0.909 0.289 222,248,498,384 1,851,507,160,785 0.909 0.289
810,514,545,489 0.909 0.263 213,135,198,707 1,953,340,054,628 0.909 0.263
855,092,845,491 0.909 0.239 204,395,589,884 2,060,773,757,633 0.909 0.239
902,122,951,993 0.909 0.217 196,014,348,721 2,174,116,314,302 0.909 0.217
951,739,714,352 0.909 0.198 187,976,780,352 2,293,692,711,589 0.909 0.198
1,004,085,398,642 0.909 0.180 180,268,792,474 2,419,845,810,726 0.909 0.180
1,059,310,095,567 0.909 0.163 172,876,870,638 2,552,937,330,316 0.909 0.163
1,117,572,150,823 0.909 0.148 165,788,054,558 2,693,348,883,484 0.909 0.148
1,179,038,619,118 0.909 0.135 158,989,915,380 2,841,483,072,075 0.909 0.135
1,243,885,743,170 0.909 0.123 152,470,533,900 2,997,764,641,039 0.909 0.123
1,312,299,459,044 0.909 0.111 146,218,479,658 3,162,641,696,297 0.909 0.111
1,384,475,929,292 0.909 0.101 140,222,790,899 3,336,586,989,593 0.909 0.101
1,460,622,105,403 0.909 0.092 134,472,955,359 3,520,099,274,020 0.909 0.092
1,540,956,321,200 0.909 0.084 128,958,891,824 3,713,704,734,092 0.909 0.084
1,625,708,918,866 0.909 0.076 123,670,932,465 3,917,958,494,467 0.909 0.076
1,715,122,909,403 0.909 0.069 118,599,805,879 4,133,446,211,662 0.909 0.069
1,809,454,669,421 0.909 0.063 113,736,620,839 4,360,785,753,304 0.909 0.063
1,908,974,676,239 0.909 0.057 109,072,850,702 4,600,628,969,735 0.909 0.057
2,013,968,283,432 0.909 0.052 104,600,318,458 4,853,663,563,071 0.909 0.052
2,124,736,539,021 0.909 0.047 100,311,182,400 5,120,615,059,040 0.909 0.047
2,241,597,048,667 0.909 0.043 96,197,922,366 5,402,248,887,287 0.909 0.043
2,364,884,886,343 0.909 0.039 92,253,326,559 5,699,372,576,088 0.909 0.039
2,494,953,555,092 0.909 0.035 88,470,478,904 6,012,838,067,773 0.909 0.035
2,632,176,000,622 0.909 0.032 84,842,746,916 6,343,544,161,500 0.909 0.032
2,776,945,680,657 0.909 0.029 81,363,770,079 6,692,439,090,383 0.909 0.029
2,929,677,693,093 0.909 0.027 78,027,448,687 7,060,523,240,354 0.909 0.027
3,090,809,966,213 0.909 0.024 74,827,933,153 7,448,852,018,573 0.909 0.024
3,260,804,514,355 0.909 0.022 71,759,613,754 7,858,538,879,595 0.909 0.022

Total NPV Rata-Rata Masyarakat 7,018,577,425,251 Total NRV Setelah Subsidi

Investasi Awal 16,000,000,000,000 Investasi Awal

 Total NPV dikurang Investasi Awal 8,981,422,574,749 Total NPV dikurang Investasi Awal

Payback Period:
Tarif Masyarakat Rata-Rata: 16,209,822,437,168
Tarif Setelah Subsidi: 16,060,040,559,350
 NPV Pertahun
Setelah Subsidi

519,741,202,500
661,422,654,302
737,997,226,718
780,744,246,027
748,729,828,219
718,028,161,613
688,585,416,845
660,349,971,828
633,272,321,233
607,304,989,701
582,402,448,598
558,521,036,193
535,618,881,104
513,655,828,885
492,593,371,621
472,394,580,418
453,024,040,648
434,447,789,861
416,633,258,238
399,549,211,484
383,165,696,067
367,453,986,700
352,386,535,975
337,936,926,067
324,079,822,414
310,790,929,296
298,046,947,240
285,825,532,169
274,105,256,222
262,865,570,191
252,086,767,485
241,749,949,584
231,836,992,902
222,330,517,008
213,213,854,158
204,471,020,068
196,086,685,890 Internal Rate of Return (IRR)
188,046,151,335 Tarif Masyarakat Rata-Rata: ∞
180,335,318,900 Tarif Setelah Subsidi: 14%
172,940,669,148

16,914,771,594,853 Personal Income (PI)

Tarif Masyarakat Rata-Rata: 1,212,967,179,958 58%
16,000,000,000,000 Tarif Setelah Subsidi: 2,923,250,903,699 18.94%
-914,771,594,853