PTPP Has Received New Contracts Of IDR 10.05 Trillion Until July 2020

Illustration. (Photo: PTPP)

JAKARTA - The state-owned construction and investment company, PT PP (Persero) Tbk, posted a new contract of Rp.10.05 trillion by the end of July 2020. PTPP has succeeded in acquiring new contracts amounting to 40 percent of the total target set by the company management, which is Rp25. 53 trillion at the end of 2020.

"Management is optimistic that this year's new contract target will be achieved," PTPP President Director Novel Arsyad said in a written statement, Friday, August 28.

The achievement of new contracts amounting to Rp.10.05 trillion consists of new contracts of the Parent Company amounting to 87 percent and Subsidiaries amounting to 13 percent.

Some of the projects that have been achieved by PTPP up to July 2020 include RDMP JO of IDR 1.80 trillion, Pekanbaru SPAM of IDR 1.26 trillion, Bogor Apartments of IDR 1.17 trillion, Mandalika Circuit of IDR 817 billion, Sport Center Banten IDR 794 billion, SGAR Alumina IDR 660 billion, Regular RDMP IDR 576 billion, Kendari-Toronipa Road IDR 412 billion, and so on.

As of July 2020, new contracts from SOEs dominated the acquisition of new PTPP contracts with a contribution of 45 percent. Followed by the Government at 31 percent, and the private sector at 24 percent of the total acquisition of new contracts.

Meanwhile, new contracts were obtained based on the type or type of work, namely buildings by 31 percent, Oil & Gas by 27 percent, Roads & Bridges by 14 percent, Irrigation by 14 percent, Power Plants by 10 percent, and others by 3 percent.

Previously, PTPP had received six awards from the Indonesian World Record Museum (MURI) from the implementation of the construction of two projects, namely Yogyakarta International Airport and Istora Papua. The Yogyakarta International Airport development project located in Central Java has won three MURI awards.

The MURI awards that were won by the project, namely the Airport with the Fastest Airside Zone Completion, the Airport with the Most Concrete Usage, and the Fastest International Airport Construction Development. During the visit of the President of the Republic of Indonesia, Joko Widodo (Jokowi) has given some testimony of the quality results of the construction of the Yogyakarta International Airport project.

Meanwhile, the construction of the Istora Papua project located in Jayapura has also won three MURI Awards. The MURI award categories that were successfully obtained by the project, namely Curved Steel Roof Structure with the Longest Span with a span of 90 meters, Dome Structure with the Widest Boltless Roof with an area of 7,300 m2 without bolt joints, and Textile Duct Installation with the Longest Diameter Internal Ring 477 meters.

Istora Papua is a building with a typical Papuan architectural design which can be seen from the roof covering of Istora Papua which resembles a Papuan honai. In addition, there are Papuan mural motifs on several sides of the building.

"This design is an original work of the Indonesian nation where PTPP has won the trust to work on this building. The hard work of the nation's children has produced tangible results by setting extraordinary national records," said Novel Arsyad.