The Year Ahead, Wika Begin Construction Work Fast Trains

JAKARTA, KOMPAS.com – PT Wijaya Karya (Persero) Tbk (Wika) took part in the construction of a fast train under Indonesia PT Fast Trains China (KCIC).

Of the 140 kilometers long job fast train, Wika has investigated soil (soil investigation) to 300 points from 2,000 points.

“next year we are directly working on the implementation of civil works. The designs in parallel is ready,” said Director of Operations 1 Gandhira Velasquez during a press conference at the House of Wika, Jakarta, Thursday (12/22/2016).

for the implementation of the construction, according to Gandhira, Wika get the whole portion along 140 kilometers.

However, the structures built not all, but only up to a pole and workmanship topmost be part of China.

Chinese Company who have the greatest stake in KCIC is China Railway Corporation.

“the contract value is done Wika 30 percent or Rp 16 trillion, “said Gandhira.

PT KCIC responsible for the development of fast train consisting of China and Indonesia with the portion of stock ownership respectively 40 percent and 60 percent.

shareholding Indonesia involved in the consortium of four State Owned Enterprise, namely PT Kereta Api Indonesia (Persero), PT Wijaya Karya (Persero) Tbk, PTPN VIII (Persero) and PT Jasa Marga.

the composition of the investment in PSBI each -masing Wijaya Karya 38 percent, KAI and PTPN VIII by 25 percent and Jasa Marga by 12 percent.

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