Bogor, West Java (ANTARA News) - The Government Investment Center (PIP)`s performance up to the first semester of 2011 increased 67.4 percent compared with its performance in the whole year in 2010, its head said.

"The 67.4 percent excluded investment in the seven percent divestment stake of PT Newmont Nusa Tenggara worth US$246.8 million, or Rp2.1 trillion," PIP Head Soritaon Siregar said here on Sunday.

He said that up to June this year PIP had contributed to five infrastructure projects worth Rp2.54 trillion.

The projects were the Molibagu-Mamalia-Talaud roads and bridges in North Sulawesi valued at Rp15 billion, type B general hospital worth Rp190 billion in Southeast Sulawesi and the Jakarta-Cikampek-Palimanan-Porong-Gempol toll land clearance valued at Rp2.3 trillion.

Other projects included type C hospital in Surakarta worth Rp40.541 billion and rehabilitation of Gintung dam and Batang Anai irrigation in West Sumatra totaling Rp29 billion.

"Based on the business and budget plan for 2011, PIP`s investment target is set at Rp14.9 trillion, including the investment on the mandatory project done by PIP itself," he said.

In 2010, PIP channeled investment on five infrastructure projects worth Rp1.72 trillion which covered Trans-Java land procurement stage I and stage II worth Rp1.444 trillion and the Kuala Namu airport project in North Sumatra valued at Rp194.6 billion.

It also covered Pressurized LPG terminal project in Tanjung Sekong-Banten worth Rp50 billion and rehabilitation of Gintung Dam and Batang Anai irrigation worth Rp29 billion.

At present up to June PIP has an asset worth Rp15.6 trillion, an increase from Rp5.4 trillion last year. Its obligation in the June 2011 period was Rp1.1 trillion while in the previous year only Rp200.27 billion.

Editor: Priyambodo RH
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