Joint Venture as a Model of Cooperation in the Infrastructure Projects in Indonesia
Purpose: This paper aims to present the advantages of a joint venture in the infrastructure development projects with a case study from Indonesia. Design/Methodology/Approach: The article used the normative approach by taking examples of joint ventures comparing them with other projects in infrastructure. Findings: Joint Operation is a model of cooperation between two parties, where the first party owns or provides facilities, and on the other party is the owner or provider of funds or having the ability or expertise to support the implementation of the work or project. Practical Implications: Joint Operation body can act and represented by the Board of Directors as in the case of a Limited Liability Company. Originality/Value: Joint Operation is not a formal legal entity, but as a quasi legal entity, because the formation of a Joint Operation body is based on mutual agreement, without having to obtain authorization from the authorities.