INDUSTRY.co.id - Jakarta - PT Mitra Pemuda Tbk (MTRA) together with CNQC (South Pacific) Holding Pte Ltd Singapore formed a joint operation (KSO) to work on two projects worth Rp1.1 trillion.

The two projects are the Crea Resort Office (CRO) project in Nusa Dua, Bali and Metrolink Logos Project (MLP) at Pondok Ungu, Bekasi. Each project is worth Rp100 billion and Rp1 trillion.

"The contract is for the initial stage in the form of pilling work," said Corporate Secretary of Mitra Pemuda, Agung Anggono, in the company's public exposure at the Indonesia Stock Exchange Building (BEI), Jakarta, Friday (26/1/2018).

Anggono explained, the type of work stage pilling works has a value Rp82, 5 billion, for main building Rp908, 42 billion.

"Both projects entered the phase of mobilization and have been running since November last year," he said.