PP Presisi Signs New Contract For Construction Of Water Body Waste Collection And Treatment System Through River Engineering In Ciliwung River

JAKARTA - PT PP Presisi Tbk (PP Presisi, the Company) together with PT Runggu Prima Jaya KSO (Runggu Prima Jaya) signed a new contract for the Construction of Water Body Waste Collection and Treatment System through River Engineering in the Ciliwung River Segment TB Simatupang amounting to Rp195 billion.

The signing of the contract was attended by PT PP Presisi Tbk represented by Mr. Darwis Hamzah as Director of Operations, Head of Engineering & Tender Division Mr. Surya Andriansyah, Head of Marketing Department Mr. Rachmadi, from PT Runggu Prima Jaya KSO represented by President Director Marlon Pakpahan, Director of Operations Mr. Ervan Hendry Pakpahan, as well as from the Environment Service who was represented by the Head of the Environmental Service Mr. Asep Kuswanto, Commitment Making Officer Mr. Lukman Dermanto, which took place at Hotel Veranda Pakubuwono last Thursday 2 June.

The project is a project of the DKI Jakarta Provincial Environmental Service which will be carried out by KSO PP Presisi and Runggu Prima Jaya in less than 1 year.

"By obtaining work on the Construction Project for Water Body Waste Collection and Treadment Systems Through the Engineering of the Ciliwung River, this will add to our portfolio as a construction and non-construction service company based on heavy equipment that has the flexibility to work on projects with own-managed heavy equipment," said Darwis Hamzah.

The scope of work that we will do on the project starts from civil works services to mechanical and electrical. The development objective of this project is part of a pilot project of a waste management system in the rivers of DKI Jakarta, where waste filtering will be carried out in the upper reaches of the river which will later be applied to rivers in DKI Jakarta," he added.

The acquisition of a new contract for the Water Agency's Waste Collection and Treadment System Development Project through the Engineering of the Ciliwung River adds to the total acquisition of new PP Presisi contracts until May 2022 of IDR 2 trillion or 37 percent of the total new contract target of IDR 5.9 trillion in 2022.

Of the total new contracts, new contract segmentation was obtained from 94.6 percent of PP Nongroup and 5.4 percent of PP Group. Meanwhile, from the business line segment, 69.4 percent of contracts were contributed from the Civilwork business line, 25.8 percent from the Mining Services business line and the remaining 4.8 percent from Production Plant, Rental and Structurework.