Jakarta. State-owned construction and investment company PTPP, under Danantara Indonesia, successfully booked contract acquisitions worth Rp 15.28 trillion ($927 million) as of August 2025. This achievement marks a 29.6 percent increase, or the equivalent of Rp 3.49 trillion compared to the cumulative figures in the previous month, driven by PTPP’s management strategy to optimize opportunities despite challenging market conditions.

The new contracts were dominated by projects funded by other state-owned enterprises at 51.2 percent, the private sector at 31 percent, and the government at 17.8 percent.

By project type, the highest contributions came from the mining sector at 19.5 percent, building construction at 17.81 percent, power plants at 17.56 percent, roads and bridges at 15.81 percent, ports at 15.26 percent, oil and gas infrastructure at 5.39 percent, irrigation at 4.63 percent, dams at 1.78 percent, airports at 1.40 percent, and the industrial sector at 0.85 percent.

The August 2025 achievement represents 53.6 percent of the company’s full-year target. Several new projects secured in August include a 120 MW gas and steam power plant in Batam worth Rp 2.68 trillion, a construction project at Cipto Mangunkusumo Hospital (RSCM) Jakarta valued at Rp 176.5 billion, and capacity expansion works on the Surabaya–Gempol toll road worth Rp 126.4 billion.

PTPP Corporate Secretary Joko Raharjo said the contract acquisition up to August 2025 is concrete proof of management’s strategy in seizing opportunities amid the dynamics of the national construction industry.

“We continue to strive to maintain this growth momentum through selective project acquisition, strengthening synergies with stakeholders, and applying prudent risk management. With solid performance so far, we are optimistic about achieving the contract value target set for the end of 2025,” Joko said.

He added that PTPP will remain focused on strengthening its sustainable core construction business and delivering added value to stakeholders, in line with the company’s vision to be Indonesia’s leading construction firm.