Jakarta, hitclubapk3 Indonesia
—
PT Wijaya Karya (Persero) Tbk (
WIKA
) talk about the impact they experienced after taking part
Fast Train
Indonesia-China (KCIC) or
Whoosh
.
WIKA is also a shareholder of PT Pilar Sinergi BUMN Indonesia (PSBI), the KCIC project consortium.The state-owned construction company owns 33.36 percent of the shares in the consortium.
Apart from that, there is PT Kereta Api Indonesia (Persero) 58.53 percent, PT Perkebunan Nusantara I 1.03 percent, and PT Jasa Marga (Persero) Tbk 7.08 percent.
ADVERTISEMENT
SCROLL TO CONTINUE WITH CONTENT
Meanwhile, there are shareholders from China, through Beijing Yawan HSR Co.Ltd.Shareholders consist of CREC 42.88 percent, Sinohydro 30 percent, CRRC 12 percent, CRSC 10.12 percent, and CRIC 5 percent.
WIKA President Director Agung Budi Waskito said his company disbursed capital investment for PSBI of IDR 6.1 trillion.
“Of course, if there is a loss, we will have a portion of IDR 6.1 trillion or approximately 32 percent of the total shareholders, automatically, at the end of every year or every quarter, we will record a loss,” said Agung in a virtual Public Expose event, Wednesday (12/11), as reported
sec
.
“There will be losses from the effects of the fast train so as we know, WIKA has since…
deliver
“It’s a fast train, so we will definitely experience losses because it’s quite big,” he said
He said WIKA was the only Indonesian contractor involved in the construction of Whoosh.They are part of the High Speed Railway Contractor Consortium (HSRCC) consortium to carry out 25 percent of the Whoosh construction.
Agung admitted that there is a dispute between WIKA and KCIC which is currently being handled by Danantara.He said there would be a financial impact on WIKA if it was not resolved immediately.
They are still waiting for the government’s steps in dealing with the losses experienced by KCIC.He assessed that KCIC’s rapid restructuring would have a positive impact on WIKA’s finances.
“Earlier we said that WIKA’s exposure in the fast train as an investor was IDR 6.1 trillion, not to mention related to
dispute
construction that we are still experiencing losses.”So the impact was quite heavy for WIKA after we boarded the fast train,” he said.
The company recorded a net loss of IDR 3.21 trillion as of September 2025. In the same period last year, they pocketed a net profit of IDR 741.43 billion.
WIKA also posted a decrease in net income to IDR 9.09 trillion in the third quarter of 2025. In fact, in the same period last year they recorded net income of IDR 12.54 trillion.
On that occasion, Agung also explained that the balance of Receivables in Construction Completion (PDPK) for the Jakarta Bandung High Speed Railway project was IDR 5.01 trillion.The receivable claim is in
cost over run
or project costs that exceed the initial budget.
“For WIKA’s claim of more than IDR 5 trillion, this is, we said earlier, currently in process with KCIC, where we have submitted it to Singapore (third party arbitration),” he said.
[Gambas:hitclubapk3 Video]
(dhf/sfr)
Read More: WIKA is outspoken about the effects of working on the Whoosh Fast Train Project
Read More: Appearance of Immersive Tunnel Fancy Luna Maya-Maxime at the Jakarta Reception
