State-owned construction firm PT PP (PTPP) has begun the construction of the Rp2.33 trillion (US$143 million) New Priok Eastern Access (NPEA) Section II, a key logistics route within Jakarta’s Tanjung Priok Seaport. 

According to a disclosure to the Indonesia Stock Exchange (IDX), the project covers a 3.4-kilometer stretch that will directly connect the Nusantara Bonded Zone (KBN) in Marunda to the New Priok Container Terminal 1 (NPCT 1).

PTPP Corporate Secretary, Joko Raharjo, said the company will adopt Smart Infrastructure Technology (SIT) and Building Information Modeling (BIM) in the construction process. These technologies enable real-time progress monitoring, integrated construction visualization, and highly accurate measurements using Multi Beam Echo Sounders and Drone LiDAR.

“These technologies make the work more precise as well as efficient,” Joko said a quoted in a statement to the Indonesia Stock Exchange (IDX) on Tuesday, August 19, 2025.

He further noted that PTPP will design a special bridge with a 70-meter span and 16-meter clearance to ensure uninterrupted access for Cilincing and Kalibaru fishermen. The bridge will incorporate steel slag, a by-product of the steel industry, as an eco-friendly material aimed at reducing carbon emissions.

“PTPP is optimistic that the NPEA Section II project can be completed with the highest quality standards and zero accidents,” Joko said. The company has set a target of 600 calendar days, or around 20 months, to complete the work.

The new access road is expected to ease congestion on the New Priok South Access (NPSA), currently the only route to NPCT 1. It will also link directly with the Cibitung–Cilincing Toll Road (JTCC), facilitating smoother cargo flow from the industrial areas of Cikarang, Cibitung, and surrounding regions to Tanjung Priok Port.

Following the announcement, PTPP’s share price showed signs of recovery after being in the red the previous week. IDX trading data shows the stock closed flat at 392 on Tuesday, August 19, 2025. Over the past week, the shares had fallen 3.92 percent or 18 points, but year-to-date, they have risen 16.67 percent or 56 points.

Financially, PTPP reported a 55.61 percent drop in net profit in the first half of 2025, falling to Rp65.24 billion from Rp147 billion in the same period last year. This decline was in line with a 23.77 percent decrease in operating revenue, which dropped to Rp6.70 trillion from Rp8.79 trillion year-on-year.

The bulk of revenue came from construction services at Rp5.52 trillion, followed by property and real estate at Rp486.16 billion. Other contributions included financial income from construction assets at Rp163.52 billion, equipment rental services at Rp27.17 billion, precast operations at Rp8.99 billion, energy at Rp28.85 billion, toll roads at Rp33.87 billion, and mining services at Rp106.73 billion. Alongside the revenue decline, the company’s cost of goods sold also decreased to Rp5.78 trillion from Rp7.75 trillion year-on-year.