Despite the inability to reach its targets for this year, construction company PT Wijaya Karya (Wika) remains confident that massive government infrastructure projects in 2016 will help bolster the company’s sluggish 2015 performance.
Wika corporate secretary Suradi Wongso said recently that his company would not be able to meet this year’s target for new contracts valued at Rp 31.64 trillion (US$2.31 billion). To date, only Rp 20.04 trillion has been collected so far.
Suradi said his company expected to close the year with a maximum of Rp 25 trillion in new contracts in its order book, aided by a number of projects currently in the tender process. –For the full article click here
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