PTPP Records New Contract Awards Worth IDR 2.76 Trillion in January 2026, Up 120.8% Year-on-Year
PT PP (Persero) Tbk (“PTPP”), Indonesia’s national construction and investment company under Danantara Indonesia, recorded new contract awards valued at IDR 2.76 trillion through January 2026. This achievement represents a significant increase of 120.8% compared to the same period in the previous year (year-on-year), reflecting a positive start to the year for the company’s performance.
The new contract awards were dominated by government-funded projects at 73.31%, followed by state-owned enterprise (SOE) projects at 25.20%, and private sector projects at 1.49%. By business line, the largest contribution came from the Building sector at 43.28%, followed by Roads and Bridges at 26.64%, Smelter and Mining at 25.20%, Water and Waste Treatment at 4.18%, Water Infrastructure at 0.54%, and Oil and Gas Facilities at 0.16%.
Several strategic projects secured by PTPP in January 2026 included the Attorney General’s Office (Pidum and Datum) Building project worth IDR 820.7 billion, the Medan Metropolitan BRT Development project worth IDR 538.5 billion, the Mempawah Bauxite Mining project worth IDR 478.6 billion, and the Aceh Disaster Management project worth IDR 341.7 billion.
PTPP’s Corporate Secretary, Joko Raharjo, stated that this achievement serves as a foundation for the company’s optimism as it enters 2026 amidst ongoing dynamics and challenges in the construction industry. “The growth in new contract awards at the beginning of this year demonstrates positive momentum for PTPP to maintain sustained performance throughout 2026. The company will remain focused on project execution that is timely, meeting the highest quality standards, and maintaining zero accidents. Furthermore, we ensure that every project is conducted with sound corporate governance (GCG) principles, prudent risk management, and support for sustainable development,” Joko said.
With a strategy of selective project focus and strengthened operational management, PTPP is confident it can maintain performance growth and deliver added value to all stakeholders throughout 2026.