Waskita Karya Targets New Contract Value Of IDR 14.5 Trillion By The End Of 2024

JAKARTA - PT Waskita Karya Tbk (WSKT) targets a new contract value of IDR 14.5 trillion by the end of 2024.

Director of Business Strategic, Portfolio and Human Capital Waskita Rudi Purnomo said Waskita's new contract value until October 2024 had only reached IDR 6.8 trillion.

If you look at the previous year's contract value of Rp. 13 trillion, Rudi admitted that there was indeed a decline.

Rudi explained, the decline in the realization of the new contract value as of October 2024 occurred due to several pending project tenders or the announcement of the tender being postponed until November-December this year.

"There are several potential major projects in November-December, so the target contract value of IDR 14.5 trillion will be achieved," Rudi said at a Public Expose at the Waskita Heritage Building, Jakarta, Tuesday, November 26.

In the private sector, Rudi said, WSKT is also participating in an elevated toll road project tender worth IDR 3 trillion and is expected to win so that later it can increase the company's cash flow. Given, in terms of a contractual scheme, it has a good contribution with down payment and others.

Apart from that, the company is also exploring several building projects.

"So, we are not only working on government projects, but also private sectors," he said.

Judging from its segmentation, WSKT employers during January-October 2024 the majority or equivalent to 89.5 percent came from the government and SOEs. Meanwhile, the remaining 10.5 percent were sourced from business development.

Then, judging from the type of work, it is 77.4 percent of connectivity work, 16.9 percent of building work and 5.4 percent of water resource work (SDA).

Meanwhile, the payment method is mostly or equivalent to 99.3 percent carried out using a non-turnkey and turnkey mechanism of 0.7 percent.

Then, most of the work methods or 82.1 percent are non-joint operations (NJO) and 17.9 percent are joint operations (JO).

Apart from that, the BUMN Karya issuer also contributed to the Capital Nusantara (IKN) mega project by managing 12 portfolios worth IDR 8.1 trillion.

Ada 5 proyek IKN dengan nilai kontrak terbesar adalah gedung kesecretariatan negara paket 3 senilai Rp1,6 triliun, yang kini progresnya sudah mencapai 95,4 persen.