WIKA wants development of JKT-BDG high speed train project

Jakarta – PT Wijaya Karya (Persero) Tbk (WIKA), a member of the Jakarta Bandung Rapid Train Construction Contractors Consortium (HSRCC), said the project's development continues to be accelerated. The company focuses on its civil engineering work.

WIKA President, Director, Tumiyana, said that currently, the progress of the Bandung Jakarta fast train project has reached 3.9%, both physically and terrestrially. Until the end of the year, 5% should be completed.

"The acquisition of land has already reached 82%, so the speed on the ground remains," he said at a meeting at Nusantara III building, at the Regional House of Representatives, in Senayan , Thursday afternoon (29/11/2018).

For next year, Tumiyana thinks that overall development progress can reach 25%. He also believes that all projects can be completed in accordance with the original goal of 2021.

"It is still the goal of 2021, God willing." Next year, the goal of 25% will be cumulated, 30% can be achieved, "he said.

For next year, Tumiyana hopes that PT WIKA can continue the completion of the construction of the railway line. "Next year for its trajectory, its pillars, civil engineering is its domination," he added.

"Later, the last rolling stock will be at the end of 2021. Start by accelerating the civil works," he concluded.

Wika prepares the Capex 2019, Rp. 22 T

Wika spends Rs 22 trillion on investment or capex in 2019. The funds will be used for the real estate, energy and infrastructure sectors.

"We are going to prepare Rs 22 trillion next year for investments, used in the energy, real estate and infrastructure sectors," said Tumiyana.

In addition, Tumiyana explained that the funds would be allocated to the energy sector, especially to energy logistics. The funds come from money and debts.

"It's still dominated by energy, about 37% of the total energy is logistics, sources come from our own money and debt," he said. .

WIKA will also issue bonds in connection with a public call for savings of Rs 5,000 trillion. Then, for the capital coming from the cash of the company rising to 6,600 trillion rupees, or 30% of the capital prepared.

"The bonds are between Rs 5,000 trillion and the money is around Rs 6 trillion," said Tumiyana.

Tumiyana also explained that PT WIKA would also seek funds other than bonds and cash from the company. Including to make global bonds (foreign exchange bonds).

"We are going to mix the rest, then we'll see which one is the most efficient, and the Kan market will not look like next year," he added. (DNA / DNA)