Friday, 05 March 2021 | 23:55 WIB

PP Presisi Targets Obtaining New Contracts worth IDR3.6 Trillion in 2021

illustration: construction (pixy)

JAKARTA, NETRALNEWS.COM - Construction company PT PP Presisi Tbk (IDX:PPRE) is optimistic that it can increase the target growth of new contracts to IDR3.6 trillion in 2021. The company, a subsidiary of state-owned construction company PT PP (Persero) Tbk (IDX:PTPP), is optimistic that the portion of infrastructure work in the government's development plan will still dominate in the foreseeable future.

"Apart from that, there are new opportunities in the nickel and coal mining services sector," said Darwis Hamzah, Director of Operations at PP Presisi, during an information disclosure at the Indonesia Stock Exchange, on Friday (02/05/2021).

As for last year, PP Presisi was able to meet its 2020 new contract target. By the end of December 2020, the company was able to obtain new contracts worth IDR2.81 trillion.

One of the biggest contributors to the company's performance in 2020 is the Kediri Airport Development project. Darwis is optimistic that PP Presisi can complete the Dhoho Airport project, owned by Gudang Garam, as targeted.

Currently, the progress of the project's work has reached around 35 percent, covering site clearance, earthworks, diversion and drainage works. "This is part of the first phase. We are optimistic that this project can be completed according to the targets that have been set," Darwis said.

Meanwhile, Benny Pidakso, Director of Finance at PP Presisi, said the contract value of this first phase of work reached Rp1.9 trillion. This project is carried out through the company's subsidiary, PT Lancarjaya Mandiri Abadi (LMA).

"If it is completed until the final stage, this airport is estimated to be able to accommodate more than five million passengers," he said.

In addition to airport construction work, PP Presisi is also eyeing additional construction work on the Kediri Airport runway and the toll road that connects Dhoho Airport, Kediri, with other cities in the Selingkar Wilis area. This area includes six districts in the southern province of East Java, including Nganjuk, Kediri, Tulungagung, Trenggalek, Madiun, and Ponorogo.