WIKA BETON ACCELERATE JAKARTA COASTAL PROJECT

[CATEGORY: INFRASTRUCTURE]

PT Wijaya Karya Beton Tbk (WTON) pursue the Coastal Security Development project in Jakarta Phase 2 package 2 segment of Kalibaru-Cilincing is owned by the Ministry of Public Works and Public Housing Directorate General of Water Resources of the Great Hall Ciliwung Cisadane Region faster than the original target.

Corporate Secretary of Wika Beton Puji Haryadi said, for development security projects in the Coastal Jakarta Phase 2 Package 2 takes spun pile as many as 1,632 rod large diameter. Since July 2016 up to now have been installed 116 rods. "At the moment the process is only 10%," he said.

Meanwhile, the installation of the pile are four units per day with a target of this project was completed early in 2018. "Now four pile per day, if the production and distribution can be faster, then it could be five pairs of pile per day, so that completion can be faster than the target, "he said.

Finance Director of Wika Beton Entus Asnawi said, this project is a contract worth Rp 188 billion. In this project the company holding a stake of 45%-50%, the rest is owned by PT SAC Nusantara.

Furthermore, Wika Beton until September 2016 has won a new contract of Rp 3 trillion majority for infrastructure projects. The figure amounted to 69.76% of the company's target in this year's Rp 4.3 trillion.

The Company, continued optimistic they will be able to achieve the target of his new contract this year which amounted to Rp 4.3 trillion. Where, approximately 40% of contracts were being targeted comes from power plant projects.

"More power plant, about 40% of the remaining target of a new contract. The rest is none of the other existing industry infrastructure, property," he said.

Entus added that this year the company budgeted Rp 425 billion. Where, currently only used Rp 150 billion, which means that the new company using capex amounted to 35.29%.

Reference :

1.     Corporate Secretary of Wika Beton Puji Haryadi

All complete data can be seen at www.tender-indonesia.com

(The source of the Indonesia Oil and Gas, Mining, Electricity, Infrastrcuture, Telecommunication tender project and tender award)