Indonesian Political, Business & Finance News

Askrindo Prepares Risk Insurance for Infrastructure Projects in Tasikmalaya

| Source: ANTARA_ID Translated from Indonesian | Infrastructure
Askrindo Prepares Risk Insurance for Infrastructure Projects in Tasikmalaya
Image: ANTARA_ID

Jakarta (ANTARA) - PT Askrindo (Persero) is strengthening its support for the management of regional infrastructure project risks through a strategic partnership with the Department of Public Works, Spatial Planning, Housing, Residential Areas, and Environment (PUTRLH) of Tasikmalaya Regency, West Java.

“This strategic partnership is part of Askrindo’s ongoing commitment to supporting the acceleration of regional infrastructure development in an accountable manner,” said Askrindo Business Director Budhi Novianto in a written statement in Jakarta on Wednesday.

Through this cooperation, Askrindo will provide suretyship guarantee solutions to support the management of construction work risks under the authority of the Tasikmalaya Regency PUTRLH Department.

This instrument is expected to increase security, legal certainty, and accountability in the implementation of regional infrastructure projects.

Meanwhile, the Head of the Tasikmalaya Regency PUTRLH Department, Deden Ramdhan Nugraha, stated that professional insurance protection and risk management are essential elements in minimising potential obstacles during project execution on the ground.

According to him, professional insurance protection serves as a crucial instrument in minimising the risk of failure in the field and increasing the certainty of construction implementation.

Both parties are optimistic that the implementation of the programme on the ground can be realised transparently, professionally, and accountably for the advancement of infrastructure and the environment in the Tasikmalaya Regency area.

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