Hutama Karya Will Get Non-cash PMN, From Karawaci Land To South Sumatra

JAKARTA - PT Hutama Karya (Persero) will receive Non-Cash State Capital Participation (PMN) in the form of land in Karawaci, Tangerang, Banten and Plaju Regencies, Banyuasin Regency, South Sumatra (Sumsel).

"Hutama Karya is also planned to receive PMN Non-Cash in the form of land in Karawaci, Tangerang Regency, Banten amounting to Rp1.8 trillion and in Plaju, Banyuasin Regency, South Sumatra amounting to Rp122 billion," said Hutama Karya President Director Budi Harto quoting Antara.

Thus, the total PMN Non-Cash in the form of land that Hutama Karya will obtain is IDR 1.93 trillion.

The location of the land in Karawaci is in the prime area in Lippo Karawaci, while the next land asset is in Plaju, South Sumatra.

Land in Karawaci is in the form of vacant land that will be empowered by Hutama Karya and in this case Hutama Karya becomes a master developer, because the land area in Karawaci is 17.3 hectares.

Meanwhile, the land located in Plaju, South Sumatra has a land area of 20.1 hectares.

"PMN originating from State Property has actually been discussed, but the government regulations have not yet been issued. Hopefully this year the government regulations can be issued, so we can accept and strengthen our capital in the property sector," said Budi Harto.

The benefits of Non-Cash PMN are creating a multiplier effect that is able to improve the local economy. For companies, the benefits of this PMN are to improve the company's financial capacity and increase the company's business capacity.

Meanwhile, the benefits for the government are to make idle assets productive/reduce maintenance burdens, as well as fiscal and tax contributions. The benefits for the community are developing products such as property and job creation.