PT PII Achieves Investment Value Reaches IDR 474 Trillion

Infrastructure (Photo: dock. Antara)

JAKARTA - PT Penjaminan Infrastruktur Indonesia (Persero) or (PT PII) announced that until the third quarter of 2023, 47 projects had secured a total investment value of IDR 474 trillion.

President Director of PT PII Muhammad Wahid Sutopo explained that of the total, 31 projects have implemented infrastructure guarantees with a Government Cooperation with Business Entity (PPP) scheme, 19 of which are National Strategic Projects (PSN) with an investment value of IDR 268 trillion.

"The guarantees provided include community connectivity, increased access to clean water, energy conservation, electricity, and telecommunications," he explained at the DJKN office on Friday, December 8.

In addition, it also guarantees 16 projects with non-PUBU schemes, as well as 8 guarantees in the context of National Economic Recovery (PEN) to SOEs affected by Covid-19 (PEN-BUMN). Thus, PT PII has implemented a guarantee mandate of 47 projects with a total investment value of IDR 474 trillion.

In managing the risk of the KPBU project, PT PII guarantees the pre-construction, construction, and operation stages. Guaranteed risks include discriminatory legal changes (project specific), important delays in approval, early termination due to government actions, delays in providing project land, and risk of payment of services.

Since its establishment in 2009 to 2023, PT PII has received PMN of IDR 10.65 trillion. Of the amount of IDR 9.08 trillion, it is intended for the main mandate guarantee for both the KPBU and non-PU schemes, and IDR 1.57 trillion for PEN.

"In the last two years, from the accumulated PMN amount of Rp. 10.65 trillion, the value of PT PII's assets in 2022 is Rp. 15.56 trillion and is projected that by the end of 2023 it will increase to Rp. 16.43 trillion," he said.

Sutopo said that the Company's equity in 2022 is IDR 15.15 trillion and is predicted to increase to IDR 15.96 trillion by the end of 2023.

Meanwhile, based on the use of PMN, PT PII has guaranteed 39 infrastructure projects with an investment value of IDR 411 trillion. As for the value of infrastructure guarantees of IDR 80 trillion.

In addition, from 2017 to 2023, PT PII has contributed to state revenues in the form of tax payments and dividends reaching IDR 2.1 trillion.

According to Sutopo, the economic added value generated from infrastructure projects that have been guaranteed by PT PII, among others, namely in the Road sector of Rp705 trillion, comes from projects of 14 toll roads, the preservation of 9 national roads, and the replacement of 37 bridges on the island of Java.

Meanwhile, from the Telecommunications sector in the form of the Palapa Ring project by building an 8.479 km long optical cable network and a multifunctional satellite connecting 149.400 offline service points in Indonesia (including area 3 T), provided an economic added value of IDR 78 trillion.

Then in the Drinking Water sector, PT PII guarantees 6 SPAM projects with a total production discharge of 15,450 liters/second serving approximately 5.9 million people or approximately 1.18 million connections and providing an added economic value of IDR 19 trillion.

Furthermore, PT PII's guarantee in the transportation sector project provided an added value of IDR 48 trillion in the economy, the Energy Conservation sector of IDR 0.7 trillion, and the Tourism sector of IDR 8 trillion.