PT Wijaya Karya Tbk (IDX: WIKA) is trusted to work on the mass rapid transit (MRT) system project in Taiwan - Photo by the Company

JAKARTA (TheInsiderStories) – Construction firm, PT Wijaya Karya Tbk (IDX: WIKA) is trusted to work on the mass rapid transit (MRT) system project in Taiwan. In this project, the company is teamed up with a contractor from the country, RSEA Engineering Corp., to work on the inner ring road MRT line in New Taipei City.

The path, named the Sanying Line, will stretch 14.3 kilometers and connect the Tucheng, Sanxia and Yingge areas to 13 stop stations. These projects will be a stepping stone for the country to realize transportation integration from Taiwan Airport to Taipei City.

At present, the construction of this project is focusing on the work of four stations in Yingge and Sanxia, which are an average of 1.2 kilometers between the stations. 13 station buildings will be the scope of Wijaya Karya‘ work until 2021.

eyes an airport project in Taiwan with values around US$700 million, local media reported on Friday (10/18). The project need costs around Rp20 trillion ($1.40 billion). The builder also looking other projects like bridge and station.

Beside Taiwan, Wijaya Karya also expanded to other countries such as Malaysia, Philippines, and Uni Emirate Arab. While in Africa, the issuer preparing to build around $40 million liquid and bulk port terminal facilities in Zanzibar, Tanzania. The company also received an offer to work on a mining project with four state-owned enterprises in Madagascar.

WIKA also aimed to build of $250 million integrated business area in Senegal and of $66 million apartment building project in Ivory Coast. State Own Enterprises (SOEs) ministry also offered various cooperation between the two countries, such as transportation sector, airport management, energy, pharmaceutical industry, rail infrastructure, ports and plantations.

Furthermore, Wijaya Karya targeted to handle projects with total values Rp20 trillion in Africa. Currently, the state-owned company has projects with total value Rp7.6 trillion

In the meeting with Uganda’ Prime Minister Kirunda Muwabe, coordinating minister for maritime affairs, Luhut Panjaitan, said the country interest to cooperate with the company for railway jobs with an estimated path length reaches 350 kilometers.

Similar interests, also came from Angola who plans to build a track or railway track along the 400 km. Then Zimbabwe with train tracks along the 98 km and Somalia for the construction of social housing as being worked on by Wijaya Karya in Algeria.

The company joined with PT INKA (Industri Kereta Api) and PT LEN has formed Indonesian Railway Development Incorporated for Africa (IRDIA) consortium to capture the investment opportunity in African countries. The companies is targeting the acquisition of new contracts from a number of rail-based mass transportation projects such as mass rapid transit, light rail transit and loop line, toll road projects, buildings, electricity and energy security such as tank farms.

For this year, the publicly listed company prepared capital expenditure Rp20 trillion and will continue to rise every year. WIKA now coined the excellent capacity in terms of industries, steel, concrete, and asphalt which then support the construction and infrastructure as its main business.

US$1: Rp14,300

Written by Staff Editor, Email: theinsiderstories@gmail.com