JAKARTA: Indonesias acceleration of infrastructure development program is predicted to advantage construction players performance particularly stated-controlled companies in 2011.Based on Bisnis data, the government allocates IDR755 trillion for The Master Plan for the Acceleration and Expansion of Indonesian Economic Development (MP3EI) in 2011-2014.From the total figure, IDR544 trillion came from the government and the remaining IDR211 trillion from cooperation with private players.Among 8 listed construction companies, there are only 3 state-controlled one namely PT Adhi Karya Tbk, PT Wijaya Karya Tbk and PT Pembangunan Perumahan Tbk.Until April 2011, Wijaya Karya that manages 60% of governments total projects to achieve IDR16.1 trillion order book value or rose 35% from IDR11.9 trillion in the same period last year.Corporate Secretary Natal Argawan stated from the total order book value, IDR3.3 trillion is new contract while the remaining is a carryover from last year. The company targets to reach IDR25.1 trillion order book value in 2011.The WIKA-coded share booked IDR1.54 trillion revenue in IQ/2011 or increased 36.24% from IDR1.13 trillion. Net profit jump 45.03% to IDR92.36 billion from IDR63.68 billion in the same period last yearAnother state-controlled constructor, Adhi Karya, recorded IDR9.1 trillion order book value up to April 2011 consist of IDR2.2 trillion new contract and IDR6.9 trillion carryover contract.Adhi Karya Corporate Secretary Kurnadi Gularso said the company targets to achieve IDR19.5 trillion order book value including IDR12.5 trillion new contract.The composition of the targeted new contracts, he explained, are IDR1.9 trillion toll road project, IDR2.2 trillion engineering, procurement and construction project, IDR4.4 trillion infrastructure project and IDR4 trillion high rise building project.Increase 100%Second biggest assets constructor PT PP booked IDR3.08 trillion new contract in IQ/2011 or skyrocket 214% from IDR983 billion in the same period last year.Corporate Secretary Betty Ariana stated the company aims to achieve IDR16 trillion new contract this year or double from last years new contract at IDR22 trillion. We work on domestic projects. At the moment, we have no plan for acquisition.PT Indosurya Asset Management Reza Priyambada stated the acceleration program is projected to boost constructors performance especially state-controlled one.Despite the significantly increase contract, revenue of those constructors, he believed, not necessarily jump drastically as well this year.Usually, it is a government project; the payment will be in stages or after project completion. If project not completed this year, constructors have no income.He predicted revenue and constructors share price will increase by 10%-15% this year. (t05)

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