Evaluation of Trans Metro Pekanbaru Bus to Support Transportation System in Pekanbaru (Case Study: Corridors VI (Bandar Raya Payung Sekaki – Pandau)

Trans Metro Pekanbaru (TMP) is a mass public transportation facility which has been operating since 2009 in Pekanbaru City. TMP is expected to be one solution to overcome transportation problems. Local Government should consider the financial aspects of the use of the TMP. Good financial Management can minimize any loss incurred from the operation of this public transport. The purpose of this research is to evaluate TMP's financial viability for corridor VI. Analyzed Aspects include Operational Cost of Vehicle (OCV) and financial aspect by analyzing Net Present Value (NPV), Benefit Cost Ratio (BCR), Internal Rate of Return (IRR), Payback Period (PBP) and Analysis of Sensitivity. The result of BOK analysis for large TMP buses is Rp.6,564.27. As a result from the combination of 30% own capital and 70% of the total investment of TMP bus is Rp.6,379,123,315 with NPV Rp.5,123,715,459 BCR of 1.40 and PBP for 6 years 4 months. Then, the sensitivity analysis of the investment decreased to 70%, the sensitivity analysis to profit increased 111%, the sensitivity analysis to the cost decreased to 75% and the sensitivity to interest analysis increased by 29.75%. The result of the investment evaluation can be concluded that the investment is financially feasible.