PT Wijaya Karya Tbk targeting to handle projects with total values Rp20 trillion (US$1.4 billion) in Africa - Photo by the Company

Jakarta (TheInsiderStories) – Indonesian construction firm, PT Wijaya Karya Tbk (IDX: WIKA) targeting to handle projects with total values Rp20 trillion (US$1.4 billion) in Africa, said management on Wednesday (08/28). 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 WIKA for railway jobs with an estimated path length reaches 350 kilometers (km).

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 WIKA in Algeria.

“WIKA will soon further explore and assess the feasibility of the project plan of railway infrastructure in Africa, including working with PT INKA (Industri Kereta Api) and PT LEN,” said Tumiyana today at Indonesia Stock Exchange, Jakarta.

The third parties has formed Indonesian Railway Development Incorporated for Africa (IRDIA) consortium to capture the investment opportunity in African countries.

Related to the relocation of the capital city, he claimed that the company is ready to support the plan because it has a capital expenditure of up to Rp20 trillion. WIKA has built steam power plant with capacity 60 megawatts in Tanjung Batu (Kutai Kertanegara), Sultan Aji Muhammad Sulaiman Airport, Sepinggan – Balikpapan and Balikpapan Samarinda Toll Road with a length of 99.04 kilometers.

“WIKA ready to take part in preparing the new capital, including through the mechanism of Cooperation between the Government and Business Entities, ” said the CEO.

Until the third week of August, he said the developer has pocketed a new contract worth of Rp20.3 trillion, including business agreements with African countries. Wijaya Karya through PT Wijaya Karya Bangunan Gedung Tbk (IDX: WEGE) in consortium with PT Jaya Construction and PT PP Tbk (IDX: PTPP) also won tender of project Jakarta International Stadium of Rp4.08 trillion located in North Jakarta.

The stadium projects is targeted for completion on Oct. 21, 2021. The stadium is designed to meet the standards of technique by the world football federation, FIFA (Fédération Internationale de Football Association) and have qualified green building.

Tumiyana said that the future global standard stadium will be built on an area of 30 hectares with a height of 70 meters, equivalent to a 25-apartment, with a capacity of 82,000 spectator capacity, and is equipped with various modern retail facilities.

For this year, WIKA prepared capital expenditure Rp20 trillion and will continue to rise every year. Tumiyana view that WIKA actually, 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: Rp14,200

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