Infrastructure: Rp30t new contracts to be signed by Jan 16
The Ministry of Civil Works and Public Housing (MCW) is targeting Rp30t of new contracts to be signed by Jan 16. This accelerated contracts signing represents nearly 30% of its Rp104.08t budget for 2016. Some 3,000 out of its 10,000 projects for 2016 have been tendered and reaching 3,500 by Jan 16 should not be an issue. For 2016, MCW’s total budget is Rp104.08t with the following breakdown:
1. Directorate General of Water Resources: Rp30.4 t.
2. Bina Marga (roads): Rp45.2t.
3. Cipta Karya (human settlements): Rp17.8t.
4. Directorate General of Housing: Rp7.7t.
Total capital spending for MCW in 2016 is Rp90t. As of 16 Dec 15, MCW has spent Rp94.25t, or about 79.06% of its 2015 budget of Rp118t.