Construction

: The Public Private Partnership (PPP) is an alternative option to overcome for limited funding in meeting the financing needs for the provision of toll road infrastructure so that the project can still be carried out. However, infrastructure projects with PPP schemes require large investments and a relatively long concession period, thus allowing risk uncertainty to arise as a result of decisions made during the project to minimize the effect of risk on the financial aspects of the project. This study was aimed at identifying critical risks that affect the financial aspects of toll road PPP projects. Critical risk is defined as a unique risk and/or has differences from other risks that are reviewed in certain aspects. The case study was conducted on the Trans Sumatra toll road project in South Sumatra, to minimize the risks that occur in the construction of the second phase of the Trans Sumatra toll road, identification of the risks that occur in the first phase is carried out. Quantitative data (questionnaire survey) and qualitative data (interview) were collected from the toll-road private sector. The results of the study identified thirteen critical risks of the toll road project, namely the risks of unavailability of land, problems related to contract documents, inaccurate data assumptions in the feasibility study, geographical conditions, delay in work progress / incompleted on time, design errors that causing addendums/ constructions modification, force majeure, extreme weather, delay in government approval, maintenance on a large scale / more than the estimated coverage and resulting in additional costs, lack of financial resources, inability to pay debts resulting from insufficient project revenue streams and delay in financial closing due to insufficient equity contribution