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JAKARTA - The state-owned construction company, PT PP (Persero) Tbk (PTPP), participated in the development of the Batang Integrated Industrial Estate (KIT) in Central Java Province, including access to infrastructure in the project. The latest investment being undertaken by PTPP is the construction of Section II of the Semarang-Demak Toll Road in Central Java Province.

"This is done to provide added value to the company, especially in the field of toll road investment," said PTPP President Director Novel Arsyad in a written statement received by VOI, Monday, November 2.

PTPP together with PT Wijaya Karya (Persero) Tbk (WIKA) and PT Misi Mulia Metrical (MMM) formed a joint venture named PT PP Semarang Demak. The percentage of share ownership at the time of establishment in the company, namely PTPP 65 percent, WIKA 25 percent, and MMM 10 percent.

The Semarang-Demak Section II Toll Road has a total contract value of IDR 3.78 trillion, of which there is a PTPP contract portion of IDR 2.84 trillion. The Semarang-Demak Section II Toll Road construction project has a 16.3 kilometers (km) length starting from Sayung District.

"In the construction of this project, we are carrying out a 13.30 km long construction. This project has been implemented within 27 calendar months since December 2019 and is targeted to be completed in March 2022. This project was carried out by PTPP and WIKA as the Implementing Contractor as stated in Operational Cooperation (KSO), "explained Novel.

As of October 2020, PTPP has carried out field work with the physical progress of construction reaching around 21 percent. The presence of the Semarang-Demak Toll Road will have many positive benefits for the Indonesian people, especially those on the island of Java.

"This toll road will facilitate inter-regional mobilization and increase industrial efficiency in the Central Java region. Good transportation access will make the industry more efficient. In addition, the presence of this toll road will unravel the traffic density of vehicles in the coastal area. Utara (Pantura), "said Novel.

He is also optimistic that the construction of the Semarang-Demak Section II Toll Road can run smoothly and be completed within the targeted time. It is hoped that this toll road will increase the accessibility and capacity of the existing road network in the northern region of Java Island.

"In addition, the existence of this toll road is also expected to increase connectivity in the surrounding areas and encourage the economy in the surrounding areas. We also hope that this toll road investment will run smoothly and can provide added value to the company so that it will improve company performance," he said Novel.


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