The Reason For Merger Waskita And HK, So As Not To Make Each Other's Projects

Illustration (Photo: Doc. ANTARA)

JAKARTA - SOE Minister Erick Thohir plans to include PT Waskita Karya (Persero) Tbk as a subsidiary of PT Hutama Karya (Persero) or HK.

The merger is targeted for completion in September this year.

The Special Staff of the Minister of SOEs, Arya Sinulingga, explained that the reason Erick Thohir made Waskita the child of the HK was so as not to fight over each other's projects.

"The simplest thing is, then they won't have a tender fight anymore," he said when met at HK Tower, East Jakarta, Tuesday, May 7.

Furthermore, Arya said the two companies have the same specialties in road and toll road infrastructure.

"Later specialization. Right HK and Waskita are specializations, toll roads, something. Later others will also have their own specialties," he said.

With Waskita's entry as a child of HK, Arya continued, infrastructure development will be more efficient and measurable.

"So between SOEs, there will be no more tenders, no more price reductions. So far, every project between SOEs, the private sector doesn't exist," he explained.

The merger of Wakita to HK was part of SOE Minister Erick Thohir's plan to merge the 7 state-owned companies in the work sector into only three left.

Previously, it was reported that the Minister of State-Owned Enterprises (BUMN) Erick Thohir said the plan to merge seven state-owned companies into three companies was already in process.

"Today's work we have consolidated in the process stage of combining seven works into three work companies," Erick said at a working meeting of Commission VI DPR RI at the DPR Building, Jakarta, Tuesday, March 19.

Furthermore, Erick said, this merger was carried out to nourish the performance of BUMN works.

"This is what we are doing, actually consolidation and restructuring," he said.

Erick said the merger would be accompanied by the classification of the projects that the three work companies would work on.

Later, he said, HK and Waskita would only focus on working on toll road, non-toll road, instituteal building, and commercial housing projects.

Then, WIKA and PT PP will no longer work on toll roads. Instead, focus on port projects, airports, and also housing or housing, as well as Engineering Procurement Construction (EPC).

"Then also the merger of Adhi Karya, Nindya Karya, they will focus on water, rail, and also of course some more contexts. This is what we are doing, actually consolidation and restructuring," he said.