State-Owned Construction Firm Restructuring to Involve Himbara

The Ministry of State-Owned Enterprises (BP BUMN) is involving the Association of State-Owned Banks (Himbara) to support the restructuring process of construction SOEs, namely PT PP (Persero) Tbk and PT Adhi Karya (Persero) Tbk. “We are learning from experience. This restructuring must be a turning point to build stronger, healthier Construction SOEs with better governance so they can grow sustainably and support national development,” said Head of BP BUMN Dony Oskaria in Jakarta on Thursday, 2 July 2026, as reported by Antara. The strengthening of Construction SOEs continues to ensure the companies have healthier fundamentals, increasingly better governance, and are capable of supporting sustainable national infrastructure development. The restructuring is a strategic step to strengthen the companies’ financial condition, improve business discipline, and ensure that every financing support is provided in a measured way to productive projects with business viability. Therefore, Dony chaired a meeting with the Boards of Directors of Bank Mandiri, BRI, BNI, PT PP (Persero) Tbk, and PT Adhi Karya (Persero) Tbk. The meeting discussed the progress of the restructuring of PT PP (Persero) Tbk and PT Adhi Karya (Persero) Tbk, including the financing support scheme from Himbara to support the transformation process of both companies. The discussion focused on formulating a healthy and sustainable financing scheme. Financing support is directed at projects that are productive, commercially viable, and have measurable cash flows to strengthen company performance while maintaining business sustainability. Beyond the financing aspect, the restructuring is also directed at strengthening corporate governance, improving discipline in risk management, and building a healthier business model.