Erick Thohir Says BUMN Karya Can Be Merged Into One Company

Minister of State-Owned Enterprises (BUMN) Erick Thohir revealed that plans to merge or merge state-owned companies in the work sector can still change. Most recently, he said there was an option to merge it into one company.

Initially, the Ministry of SOEs planned to merge seven state-owned companies in the construction sector into only three companies. However, the merger scenario is still being studied.

"Combination from seven to three I see that to this day the calculation is still good. But if we look at these two three months, it's not impossible what the efficiency of the merger of works from three could be from two, even one. But I still need a study, I think," he said in a working meeting with Commission VI of the DPR, in Jakarta, Thursday, February 13.

Erick explained that previously the process of merging BUMN works took quite a long time to three years because it had to go through various administrative stages in various ministries.

However, continued Erick, with the presence of the BUMN Law (UU) which was just passed some time ago, the merger process will be more efficient than before.

"Yesterday (the process) took 2 to 3 years because of the process of many ministries. The merger process can be faster, if indeed the BUMN Law applies," he said.

For your information, BUMN works that will be consolidated include PT Waskita Karya (Persero) Tbk or WSKT, PT Hutama Karya (Persero), PT Nindya Karya (Persero), PT Brantas Abipraya (Persero), PT Adhi Karya (Persero) Tbk, PT Wijaya Karya (Persero) Tbk or WIKA, and PT Pembangunan Perumahan (Persero) Tbk or PTPP.

Where in the scheme, the seven state-owned companies will consolidate into three companies. For example, PT Waskita Karya (Persero) Tbk will be merged into the holding of PT Hutama Karya (Persero).

Then, PT PP (Persero) Tbk (PTPP) is consolidated with PT Wijaya Karya (Persero) Tbk (WIKA). Then, PT Adhi Karya (Persero) Tbk will also be merged with PT Nindya Karya (Persero) and PT Brantas Abipraya (Persero).

Previously reported, Erick said that with the consolidation, BUMN works would be classified according to their respective skills. Thus, BUMN works can no longer work on various projects.

"So that we can carry out restructuring, restructuring, but also building expertise in each BUMN," he said.