BUMN Karya Mergers Targeted To Be Completed In March 2025

JAKARTA - The Ministry of State-Owned Enterprises (BUMN) targets the merger or merger of state-owned companies in the work sector from seven to three companies to be completed by March 2025.

The seven SOEs are PT Hutama Karya (Persero), PT Waskita Karya (Persero), PT PP (Persero), PT Wijaya Karya (Persero) or Wika, PT Brantas Abipraya (Persero), PT Adhi Karya (Persero), and PT Nindya Karya (Persero).

Deputy Minister of SOEs Kartika Wirjoatmodjo explained that Waskita Karya's plan would be merged with Hutama Karya (HK).

Later, Hutama Karya will become the parent company.

Then, he continued, Wijaya Karya will be merged with PT PP.

Meanwhile, Brantas Abipraya will merge with Adhi Karya and PT Nindya Karya.

However, he said, specifically the two company mergers are still under study to find the right scheme.

"The integration of the work that we are currently pushing is what Waskita is entering under HK. Now for WIKA with PP, and between Adhi Karya Brantas we are reviewing the structure," he said, Friday, December 27.

The man who is familiarly called Tiko explained that specifically for Waskita and HK, he is currently in the process of issuing Government Regulations (PP).

Meanwhile, the remaining two mergers are still under study.

Even so, Tiko said, the merger process is targeted to be completed by at least March 2025.

"Maybe the end of the first quarter (the target is completed). If Wastika Karya-HK is already in the process of issuing PP. WIKA-PP, Brantas-Adhi is still under study, maybe in the last quarter we will decide later," he said.

For your information, the merger of BUMN works into three companies will cover three clusters.

Where later, Hutama Karya and Waskita will focus on working on toll road, non-toll roads, institutional buildings, and commercial housing projects.

Meanwhile, Wijaya Karya and PP will focus on port projects, airports, residences or housing, as well as engineering procurement construction (EPC).

Meanwhile, Brantas Abipraya, Adhi Karya, and Nindya Karya will focus on water infrastructure development projects, rails, and others.