PTPP backs push to restructure state construction firms
Friday, April 17 2026 - 03:22 PM WIB
By Romel S, Gurky
State-owned construction firm PT PP (Persero) Tbk (PTPP) has reaffirmed its readiness to implement directives from the State-Owned Enterprises Management Agency (BP BUMN) and sovereign wealth fund Danantara to accelerate the restructuring of Indonesia’s state-owned construction companies.
The commitment follows a meeting led by Dony Oskaria, head of BP BUMN and chief operating officer of Danantara, with the boards of directors of state-owned construction firms to discuss strategic measures to improve performance and drive corporate transformation.
PTPP said the restructuring initiative is aimed at strengthening the fundamentals of the national construction industry, making it more transparent, accountable, and competitive amid evolving market conditions.
As part of the sector, the company said it is prepared to implement key directives, including improving the quality and credibility of financial reporting, strengthening regulatory compliance, and enhancing transparency across its operations.
Read also : PTPP books Rp3.87 trillion in new contracts by February
PTPP also highlighted ongoing efforts to reinforce corporate governance and improve financial performance as part of broader restructuring measures designed to build stronger fundamentals, boost stakeholder confidence, and enhance competitiveness.
“PTPP fully supports the transformation initiatives introduced by BP BUMN and Danantara. The company is committed to implementing these directives in a disciplined and consistent manner across financial, governance, and operational aspects,” the company said in a statement.
The company expressed optimism that the restructuring process will strengthen its position in Indonesia’s construction sector and improve its ability to capture opportunities while navigating industry challenges.
PTPP added it will continue to coordinate with BP BUMN and Danantara to ensure the transformation delivers tangible benefits for corporate performance and contributes to national infrastructure development.
Editing by Reiner Simanjuntak