PTPP books Rp3.87 trillion in new contracts by February

By Romel S. Gurky

State construction firm PT PP (Persero) Tbk (IDX: PTPP) said it secured Rp3.87 trillion (about US$227.6 million) in new contracts as of February 2026, up 32.96% year on year.

Government-funded projects accounted for 73% of the total, followed by state-owned enterprises at 18% and private sector projects at 9%. By sector, building projects contributed 33%, roads and bridges 30%, smelter and mining 18%, hospitals 10%, ports 6%, and water and waste treatment 3%.

Major projects awarded include the RSU Adhyaksa hospital project in Jakarta worth Rp266.5 billion (about $15.7 million), a disaster mitigation project in North Sumatra valued at Rp263.7 billion (about $15.5 million), and a jetty and coastal infrastructure project in Lamongan, East Java, worth Rp234 billion (about $13.8 million).

Read also : PTPP books 121% jump in January new contracts

Other projects include disaster mitigation works in Aceh worth Rp148.3 billion (about $8.7 million) and the PHTC hospital project in Tulang Bawang, Lampung valued at Rp112.7 billion (about $6.6 million).

Corporate Secretary Joko Raharjo said the contract growth reflects the company’s project selection strategy and operational performance.

The company said it will continue focusing on infrastructure development aligned with government programs, including improving connectivity and supporting economic growth in 2026.

Editing by Alexander Ginting