PTPP Contract Worth IDR 30.20 Trillion Dominated By Projects From The Government

Photo: Doc. PTPP

JAKARTA - BUMN construction and investment, PT PP (Persero) Tbk (PTPP) has won a contract worth IDR 30.20 trillion until November 2023. This achievement increased 14.38 percent compared to the same period the previous year of IDR 26.41 trillion.

"The company during 2023 still gains the trust of SOEs, the government, and the private sector to obtain various project developments," said PT PP President Director Novel Arsyad during the company's public expose online in Jakarta, Wednesday, December 20.

Until the end of 2023, he said, the company is targeting the acquisition of project contracts worth IDR 34.50 trillion and it is hoped that this target will be achieved considering that currently the company is still participating in a number of tenders.

Novel said, when viewed from the granting of project construction contracts until November 2023 as much as 41 percent came from the government, 34 percent from BUMN, and the remaining 25 percent from the private sector. This position is expected to change its composition during 2023, namely BUMN 56 percent, government 26 percent, and the private sector 18 percent.

Novel further said that during the first eleven months of 2023, the largest projects carried out by PT PP were 34 percent roads and bridges, 31 percent buildings, 12 percent railway lines, 8 percent airports, 5 percent dams and seaports, 3 percent industry, and 1 percent irrigation and oil/gas each..

"In general, the projects carried out by the company during 2023 are still running according to plan and can be completed on time as targeted," he said.

Novel said that the company will face great challenges in infrastructure and investment development, however, it is still optimistic that it will continue to be passed well and will continue to participate in a number of tenders held by the government, state-owned enterprises, and the private sector.

"The company is committed to continuing to work by making a number of innovations in various fields so that it is able to produce quality products," said Novel.

Regarding entering the political year, especially the elections in 2024, Novel said this was not too worrying and the company continued its business as usual.

Regarding the planned merger of PT PP and PT Wijaya Karya Tbk, Novel said, it is entirely in the Ministry of SOEs and his party is certainly still waiting for a decision from the ministry.