Tender 101 IKN Development Packages Have Contracted, Value Reaches IDR 26.8 Trillion

Illustration of the new capital city (Photo: Doc. Antara)

The Directorate General of Construction Development of the Ministry of PUPR said that the tender for special packages for IKN development had contracted as many as 101 packages, until April 6, 2023.

Director General of Construction Development of the Ministry of PUPR Yudha Mediawan said, until now, there are 158 total IKN packages with a total contract value of Rp. 51.38 trillion. According to Yudha, more than half of the available packages have been contracted.

"Until now, the status has been contracted as much as 63.92 percent or 101 packages with a value of Rp. 26.8 trillion," Yudha said in a Hearing Meeting with Commission V of the Indonesian House of Representatives in Jakarta, Tuesday, April 11.

Then, as much as 9.49 percent or 15 IKN packages worth Rp1.95 trillion are still in the tender process. Yudha detailed that five of them had been determined with a value of Rp85.3 billion, and 10 packages had not been determined worth Rp1.86 trillion.

Of the total 158 IKN special package tenders, there are 42 packages worth Rp22.55 trillion that have not yet been tendered. "Those that have not been auctioned or selected due to the incomplete Readiness Criteria or RC and supporting documents for the auction process," he said.

Previously, PT Waskita Beton Precast Tbk. is targeting to win a contract for the construction of the State Capital (IKN) Nusantara for hundreds of billions this year. This was conveyed by Waskita Beton Operations Director Sugiharto.

According to him, the company is targeting an increase in the value of the IKN contract, from the previous Rp230 billion in the last agreement.

"We are targeting that in 2023 we can obtain a contract value of IDR 427 billion," Sugiharto said in a press statement, on Friday, April 7.

According to Sugiharto, the acquisition of the project from IKN is certainly a breath of fresh air for the issuer coded WSBP shares. The reason is, IKN is a very good opportunity because it has the opportunity to absorb the needs that become the company's core business.

"Moreover, with the obligation to use domestic products, from the market share is wide open for IKN development. WSBP will synergize with Waskita Group and enter external markets in collaboration with the private sector, other SOEs, and the government," he said.

The facilities being worked on are the Presidential Secretariat Building and Supporting Buildings for the Presidential Palace of the Republic of Indonesia and the construction of working/logistical roads with the latest progress of still at nine percent.

"We are targeting to be able to secure new contracts from projects at IKN, in particular focusing on tendering infrastructure projects and building buildings," he concluded.