YOGYAKARTA - The conflict between the government and the company PT Cipta Marga Nusaphala Persada (CMNP) is in the spotlight. This is after the owner of the majority stake of PT CMNP, Jusuf Hamka, collects the government's debt to his company amounting to Rp800 billion. What do you think about CMNP Profile?

Jusuf Hamka said the government debt began in 1998. At that time, the government was said to have owed it to its companies for toll projects in several regions.

Jusuf also reported that the government gave him false hopes. Meanwhile, he claimed to have given a "discount" of deposit payments at CMNP in 2016.

But until now, said Jusuf Hamka, the government has not paid Rp 800 billion in debt to his company. He is also furious with the government's volatile behavior about the debt of obligors that the Coordinating Minister for Political, Legal and Security Affairs, Mahfud MD, has said.

"Mr. Mahfud, let's encourage the government to pay debts to us. Why is the government only governor obligors? Uber ( Press) also the Ministry of Finance, pay private debts too," demanded Jusuf some time later.

Not only that, Jusuf is also angry because his industry has helped the government a lot, when the monetary crisis was formed in 1998.

According to the official CMNP website, Jusuf Hamka's company has been established since April 13, 1987. The purpose of building this industry is a manifestation of the joint consortium of State-Owned Enterprises (BUMN).

Not only that, CMNP is a national private industry engaged in infrastructure development, most importantly the construction of toll roads and other underdeveloped areas.

After 3 years of being established, this industry formally started its operational activities in 1990. Since then, the government has looked at CMNP. Various collaborations are also tried by the government and the private industry for toll road projects.

One of the major projects held by CMNP is the construction of the 19.03 km(kilometer) toll road project for the Cawang-Tanjung Priok (North South Link/NSL) section.

The project opened the government's gateway to entrust most of the toll projects in Indonesia to PT CMNP. To expand investors, CMNP has changed to an open industry, where most of its shares were owned by the public in 1995.

In 1998, CMNP once kept a deposit at Bank Yama. Due to the monetary crisis, the government at that time also liquidated Bank Yama. This makes deposit interest continue to be large and has not been paid by the government until now.

Currently, CMNP is known to have 5 company children who are also engaged in infrastructure and property. Among others, PT Citra Waspputowa, PT Citra Margatama Surabaya, PT Citra Persada Infrastruktur, PT Citra Marga Nusantara Propertindo and PT Girder Indonesia.

So after knowing CMNP's profile, see other interesting news on VOI, it's time to revolutionize news!


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