PTPP pockets Rp 11.24 trillion in new contracts as of August
JAKARTA - State-owned construction firm PT Pembangunan Perumahan (Persero) Tbk (PTPP) pocketed Rp 11.24 trillion in new contracts as of August 2020.
46% of the contracts came from state-owned enterprises, while 32% came from the government and 22% came from the private sector.
“The company managed to book Rp 11.24 trillion in new contracts until the end of August 2020. The management remains optimistic that the company can achieve this year’s new contract target,” PTPP CEO Novel Arsyad said in an official statement on the Ministry of State-owned Enterprises’ website, Friday (18/9).
“This is shown by the number of new projects obtained by the company during the COVID-19 pandemic.”
PTPP’s new contracts until August include a Refinery Development Master Plan Joint Operation (RDMP JO) project in Balikpapan, East Kalimantan (Rp 1.80 trillion); Drinking Water Provision System in Pekanbaru, Riau (Rp 1.26 trillion); Bogor Apartment in Bogor, West Java (Rp 1.17 trillion); and Mandalika Racing Circuit in Central Lombok, West Nusa Tenggara (Rp 817 billion). (MS)