Wijaya Karya Prepares to Work on Wiyoto Wiyono Toll Road Project
10 July 2018 12:56 WIB
TEMPO.CO, Jakarta - PT Wijaya Karya Tbk. (WIKA) is preparing to propose Wiyoto Wiyono toll road or Harbor Road 2 with PT Citra Marga Nusaphala Persada Tbk. (CMNP) which is expected to begin by the end of this year.
President Director of PT Wijaya Karya Tbk. Tumiyana said the company will form a joint venture with PT Citra Marga Nusaphala Persada Tbk. to work on the project. However, until now WIKA and CMNP still discuss the composition of shares in the joint venture that will be formed.
Tumiyana implies a portion of the majority that will be taken by CMNP because the first private company to work on the toll road initiated the initiation.
“Usually, the initiation is big, we are still discussing (with CMNP) how much it will take this year,” said Tumiyana, Monday, July 9.
According to him, the value of Harbor Road 2 project is estimated to reach Rp11 trillion. The investment is quite great because the toll road construction will be built for 12 kilometers.
This toll road will connect Ancol-Tanjung Priok and connect with Wiyoto Wiyono Toll Road or Harbor Road 1.
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