Commission XI Of The House Of Representatives Disagrees With PMN Of IDR 500 Billion For Bina Karya

Illustration. (Photo: Doc. Antara)

JAKARTA - Commission XI of the DPR RI does not approve the proposed state capital participation (PMN) for the 2023 Fiscal Year for PT Bina Karya (Persero) of IDR 500 billion.

"The Ministry of Finance did not implement a cash PMN of IDR 500 billion, which came from the reserve for investment financing for the State Budget for Fiscal Year 2023 to PT Bina Karya (Persero)," said member of Commission XI DPR RI Amir Uskara as the chair of the session during a working meeting with DJKN and PT Bina Karya (Persero) in Jakarta, quoted from Antara, Thursday, September 14.

The rejection of PMN's proposal considers the role of PT Bina Karya in the development of the telecommunications sector and basic infrastructure in the capital city of Nusantara (IKN).

Commission XI of the DPR RI questioned the efficiency of PMN if given to PT Bina Karya, while in practice development also involved PT Telkom Indonesia (Persero) Tbk.

Commission XI assesses that if there is cooperation with PT Telkom Indonesia (Persero) Tbk, the project should have been carried out only by Telkom without having to involve Bina Karya.

Therefore, Amir asked PT Bina Karya to continue to optimize financing sources through BUMN and KPBU synergies in meeting financing needs by taking into account the company's performance and financial health in the future.

Responding to the decision of Commission XI of the DPR RI, the Director General of State Assets (DJKN) of the Ministry of Finance Rionald Silaban said PT Bina Karya (Persero) would face difficulties in contributing to telecommunications development at IKN without the assistance of PMN.

"It will be difficult to do, because they do not have a seed capital. In essence, Bina Karya will not be able to do anything if it is not given capital," said Rionald.

The proposal to add PMN is IDR 500 billion in order to improve the capital structure and increase business capacity.

In detail, the proposed addition of PMN is planned to be used to finance the equity portion to build a fiber optic, lastmile, and multi utility tunnel (MUT) backbone which in its implementation cooperates with PT Telkom Indonesia (Persero) Tbk and other strategic partners through the establishment of JV and the KPBU scheme.