There is a Big Backlog, the Heavy Equipment Market in Indonesia is Very Promising
JAKARTA - The Indonesian government is intensively building a number of infrastructure projects such as toll roads, airports, ports, dams and special economic zones. Even this year there is an integrated smelter development project that is included in the National Strategic Project (PSN) program. As is known, this year, the government has included 13 projects in the latest 2022 PSN list.
This stipulation is contained in the Regulation of the Coordinating Minister for the Economy Number 9 of 2022 concerning Amendments to the Regulation of the Coordinating Minister for the Economy Number 7 of 2021 concerning Changes to the List of National Strategic Projects.
The 13 PSNs are the Palapa Ring Integration Project, National; Development of Deep Coconut and its Derivative Industries in West Papua; Development of Ir H Djuanda/Jatiluhur II Drinking Water Supply System (SPAM) in DKI Jakarta and West Java; and the Thousand Islands Thousand Islands Tourism Project in DKI Jakarta.
Then Logistics Railway Infrastructure in East Kalimantan; Development of the Indonesian Industrial Area Konawe Industrial Park (IKIP) in Southeast Sulawesi; Construction of Rukoh Dam and Rukoh Dam Building (Aceh); and the Special Economic Zone Development Program (SEZ).
Furthermore, the Development of Large-Scale PLTS in the Riau Archipelago (Electricity Program); Integration of the PT Perkebunan Nusantara (PTPN) Group through the formation of SugarCo, PalmCo, and SupportingCo (National Sugar Industry Revitalization Program and Downstream Palm Oil Industry).
Next is PT Vale Indonesia's Integrated Smelter Development Project in Bahodopi, Central Sulawesi (Smelter Development Program); PT Vale Indonesia's Integrated Smelter Development Project in Pomala, Southeast Sulawesi (Smelter Development Program); and Electric Battery Nickel Smelter in East Halmahera, North Maluku (Smelter Development Program).
Of course, the incessant physical development has led to an increase in demand for heavy equipment. And this was welcomed very enthusiastically by the relevant stakeholders.
PT Trakindo Utama, for example. This National Company, which has been in the business and heavy equipment industry for more than half a century, views Indonesia's future as positive and very promising.