Waskita Karya (WSKT) Wins 12 Contracts for IKN Projects, Valued at IDR 7.5 Trillion

February 18, 2024, 05.05 PM  | Reporter: Pulina Nityakanti
Waskita Karya (WSKT) Wins 12 Contracts for IKN Projects, Valued at IDR 7.5 Trillion

ILUSTRASI. Workers use heavy equipment while carrying out construction work on the Coordinating Ministry Office area in the Central Core Government Area of the National Capital, Sepaku, North Penajam Paser Regency, East Kalimantan, Tuesday (21/2/2023). The construction of the Kemenko Office building and area has reached the 'Land Clearing' stage. ANTARA FOTO/Indrianto Eko Suwarso/nym.

ISSUER - JAKARTA. PT Waskita Karya (Persero) Tbk (WSKT) has secured 12 contracts from IKN worth IDR 7.5 trillion.

In detail, these contracts consist of building segments such as the construction of Kemenko 3 & 4, the Presidential Secretariat Building, road segments such as the IKN Toll Road and the Feeder District Road, and also SDA segments such as the construction of wastewater treatment plants.

“The IKN project uses an Advance Payment and Monthly or Progress Payment scheme so that liquidity and project progress can be better maintained,” said WSKT Finance Director Wiwi Suprihatno to Kontan, on Friday (16/2).

Read Also: PTPP Completes IDR 4.3 Trillion Toll Road Project on the Indrapura – Kisaran Section

In a political year and government transition, WSKT will continue to support and contribute to government programs.

“The construction of IKN will be the main market for new contract acquisitions sourced from the Government. The continuity of IKN is a positive sentiment for the company's sustainability at this time,” he explained.

Furthermore, WSKT is still focusing on the implementation of financial restructuring, and debt restructuring has become the main point this year.



Waskita is optimistic that the restructuring can soon be approved by all creditors, thus having a positive impact on the company's finances.

“In addition, the process of improving governance is also continuously carried out to support the company's overall performance both operationally and financially,” he revealed.

Editor: Syamsul Azhar

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