The Staff Of The Minister Of SOEs Denies That The Fast Train Was Bad For Wijaya Karya

Special Staff to the Minister of State-Owned Enterprises (BUMN) Arya Sinulingga. (Mery Handayani/VOI)

JAKARTA - The staff of the Minister of SOEs Arya Sinulingga denied the losses suffered by PT Wijaya Karya (Persero) Tbk in 2023 as a result of implementing the Jakarta-Bandung High Speed Rail project aka Badminton.

For your information, the cause of the loss of PT Wijaya Karya (Persero) Tbk in 2023 is PT Pilar Sinergi BUMN Indonesia (PSBI), which is a consortium of several SOEs involved in the Jakarta Bandung high-speed rail project.

Furthermore, Arya said the investment made by WIKA was still in the early stages, therefore it cannot be called a loss. He said it was said that the loss if the Jakarta-Bandung high-speed rail project was declared canceled.

"Not contributing to losses, everywhere there are investments first, for example you make a house, do you lose or not? If it's the first year, what about it? He's for business, if for example making a loss, if for example the fast train company doesn't work," said Arya when met at Perum Perhutani building, South Jakarta, Monday, July 15.

According to Arya, the trash business is getting better where the frequency of train travel continues to increase to 40 trips every day. In addition, passenger occupancy also experienced a significant increase to the position of 21,000 people per passenger.

"If it's still heading, yes, our target is the 60 (travel frequency), now it's still the 40s. Gradually, it's impossible suddenly, yes, people sell the period, it's gradual, but now it's good," he said.

Furthermore, Arya also said that the construction of the Fast Train project was obtained from the China Development Bank (CDB) loan fund of 75 percent.

Meanwhile, continued Arya, 25 percent is a shareholder's capital deposit, namely a combination of PT Pilar Sinergi BUMN Indonesia (PSBI) worth 60 percent and Beijing Yawan HSR Co.Ltd 40 percent.

For your information, the fast train business is currently managed by PT Kereta Cepat Indonesia China (KCIC), a joint venture formed by PSBI and a consortium of Chinese railway companies, through Beijing Yawan HSR Co. Ltd.

On the part of the composition of PSBI shareholders, namely PT Kereta Api Indonesia (Persero) or KAI 51.37 percent, Wijaya Karya 39.12 percent, PT Perkebunan Nusantara I 1.21 percent, and PT Jasa Marga (Persero) Tbk 8.30 percent.

The composition of Beijing shareholders Yawan HSR Co. Ltd is CREC 42.88 percent, Sinohydro 30 percent, CRRC 12 percent, CRSC 10.12 percent, and CRIC 5 percent.

Previously, the President Director of Wijaya Karya, Agung Budi Waskito, revealed that his company suffered a big loss in 2023. One of the reasons is the Fast Train Project

Furthermore, Agung said the big cause of the company's loss was PT Pilar Sinergi BUMN Indonesia (PSBI).

"We are indeed the biggest because in the completion of the Jakarta-Bandung high-speed train, sir, which is only from our participation, we have already reached Rp6.1 trillion. Then those that are still dispute or we have not been paid around Rp5.5 trillion, sir. So almost Rp12 trillion," said Agung Budi in a hearing with Commission VI of the DPR, Jakarta, Monday, July 15.