Hutama Karya Will Get Capital From The State Of IDR 30.56 Trillion, What Is It Used For?

Photo: Doc. Hutama Karya

JAKARTA - Commission VI of the House of Representatives (DPR) has approved additional state capital participation (PMN) for 10 state-owned enterprises (BUMN) worth IDR 73.26 trillion. Of this total, the largest cash PMN of IDR 30.56 trillion was given to PT Hutama Karya (Persero).

"Can we agree? OK, Commission VI approved the proposal for cash state equity participation in 2023," said Deputy Chairman of Commission VI Mohamad Hekal in a Working Meeting with SOE Minister Erick Thohir, quoted Tuesday, July 5.

Then, what will the PMN be used for?

Last June, Deputy Minister of SOEs II Kartika Wirjoatmodjo said the largest PMN proposal was for Hutama Karya worth IDR 30.56 trillion. The funds will be used for the construction of the Trans Sumatra Toll Road (JTTS) infrastructure which consists of the PMN construction of JTTS Phase I and Phase II.

Tiko as Kartika Wirjoatmodjo is familiarly called, explained that apart from assignments, PMN is also allocated for business development, strengthening capital structure, and improving the performance of a number of state-owned companies.

"This PMN figure of IDR 30.56 trillion is down from the previous request of IDR 36.78 trillion due to the optimization of funding from the toll road Asset Recycling collaboration with INA (and includes JTTS Phase II funding)," he said.

For your information, PMN worths IDR 73.26 trillion, consisting of cash PMN of IDR 69.82 trillion and non-cash PLN of Rp3.44 trillion.

The details of the proposed PMN cash include PT PLN (Persero) worth IDR 10 trillion, holding SOE Defense or Defend ID amounting to IDR 3 trillion, holding SOE Food amounting to IDR 2 trillion, and PT Hutama Karya (Persero) worth IDR 30.56 trillion.

Then tourism holding or in journey worth IDR 9.5 trillion, IFG IDR 6 trillion, PT KAI (Persero) IDR 4.1 trillion, Indonesia Re IDR 3 trillion, Perum Damri IDR 870 billion, and Airnav Indonesia IDR 790 billion.

Meanwhile, non-cash PMN 2023 was shown for Defend ID of IDR 838 billion and ID FOOD of IDR 2.609 trillion.