Thursday, 19 September 2019 | 11:02 WIB

PT PP Secure New Contracts worth IDR 15.9 Trillion as of July

Lukman Hidayat, President Director of Pembangunan Perumahan (PTPP) (special)

JAKARTA, NETRALNEWS.COM - State-owned construction company PT Pembangunan Perumahan (Persero) (IDX:PTPP) have secured new contracts worth IDR 15.9 trillion as of the end of July, 2019. The new contracts consist of new contracts for the parent company amounting to IDR 14.04 trillion and subsidiaries amounting to IDR 1.931 trillion.

Lukman Hidayat, President Director of Pembangunan Perumahan, also known as PT PP, said the company obtained several major projects until July 2019, including: RDMP RU V Balikpapan in East Kalimantan of IDR 5.88 trillion, Indrapura-Kisaran Toll Road of IDR 3 trillion, Kolaka Phase Smelter 1 and 2 of IDR700 billion, as well as Lamongan Shorebase of IDR 676 billion.

Furthermore, other projects secured by PT PP include the Yogya Mualimin Islamic Boarding School of IDR 470 billion, additional work on the runway of Soekarno-Hatta International Airport of IDR 455,975 billion, the Makassar Pare-Pare Railway in the amount of IDR 450 billion, the Sapras Gas Refueling Station and Rest Area project worth IDR 334 billion, Landmark Telkom University in the amount of IDR 292 billion, the Soreang District Hospital in the amount of IDR 269 billion, and the Bakauheni Toll Road Infrastructure project worth IDR 235 billion, etc.

"We are optimistic that the company's new contract target by the end of the year will reach IDR 50 trillion," Lukman Hidayat said.

Meanwhile, state-owned enterprises (SOE) contributed IDR10.44 trillion or 65.3 percent towards PT PP's new contracts, while the private sector contributed IDR 4.93 trillion or 30.86%. In addition, state budget-funded projects also made up IDR 601 billion or 3.76% of total acquisition of new contracts.

Whereas, the acquisition of new contracts based on the type or type of work, namely Buildings of 22.6%, Power Plants of 22.6%, Roads & Bridges of 21%, Oil & Gas of 15.6%, and Industry of 8.2%, which are the 5 (five) main contributors of the Company's new contract portfolio as of July 2019.

The rest of the contribution are from Ports 4%, Airports by 3%, and Railway by 3%.