The Jakarta Post, Jakarta | Business | Thu, May 02 2013, 8:25 AM
State-owned construction firm PT Pembangunan Permian (PTPP)
expects its new contracts this year will exceed its initial target of Rp
19.7 trillion (US$2.03 billion) as there has been a significant
increase in new contracts in the first quarter (Q1) of this year, a
senior executive from the company said.
Engineering and marketing
director from PTPP I Wayan Karioka said in Jakarta on Tuesday that the
company would likely exceed the target for new contracts as it achieved
more than expected in the January - March period.
The company
secured Rp 4.7 trillion from new contracts in Q1 this year, a 176.5
percent year on year increase from Rp 1.7 trillion. The company
projected to reach up to Rp 24 trillion in new contracts or 21.83
percent up from the initial target.
PTPP currently has several
construction and procurement projects, such as a steam-power plant in
Tanjung Uncang, Batam, worth Rp 1.1 trillion; a toll road connecting
Cikampek-Palimanan worth Rp 454 billion; an apron at Soekarno-Hatta
International Airport worth Rp 641 billion; JW Marriot hotel, Jakarta,
worth Rp 159 billion; St Morritz Mall, Jakarta worth Rp 260 billion; and
a railway in Palembang, South Sumatra worth Rp 210 billion.
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