We are optimistic the target could be reached this year."Madiun (ANTARA News) - The management of state-owned rolling stock manufacturing company PT Industri Kereta Api (INKA) in Madiun, East Java, has set target for working contracts valued at Rp1.7 trillion this year up from Rp1.2 trillion last year.
Senior Managing Secretary and Public Relations of PT INKA Cholik Mochamad Zam Zam said by mid September the company already had working contracts valued at Rp15. trillion.
"We are optimistic the target could be reached this year. If we win the contract with Bangladesh for 250 passenger coaches now in the process of tender , the target would be overshot," Cholik told reporters.
He said the working orders received by INKA has increased from year to year in value . In 2015, with working contracts valued at Rp1.2 trillion the company posted Rp27 billion in net profit.
The orders came from various institutions including government and private institutions or from other countries. The largest orders were from the Transport Ministry making up 75 to 80 percent of the total working contract in value. The rest came from the private sector including and from abroad.
Working contracts handled by PT INKA this year include for Economic and Executive of New Concept ordered by the state-owned railway company PT Kereta Api Indonesia (KAI), locomotives, and other carriages from the Transport Ministry.
"INKA is building 150 units of passenger carriages to meet order from Bangladesh valued at almost Rp900 billion to be built under multi year contract," Cholik said.
He said INKA has gained in reputation abroad, adding INKAs railway technology has been recognized by other countries in ASEAN and South Asia.
He said currently INKA is eyeing a new market, Sri Lanka, where it take part in a tender to build electric diesel train worth US$70 million.
Other countries which have used the technology of INKA include Bangladesh, Singapore, Malaysia, Thailand, and Australia.
(Uu.H-ASG/A014)
Editor: Priyambodo RH
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