Jakarta (ANTARA) - State-owned construction company PT Wijaya Karya (WIKA) Tbk, listed on the Indonesia Stock Exchange as WIKA, is expected to complete three strategic infrastructure projects by the end of 2021.

The Kuningan Dam in West Java, Bendo Dam in East Java, and the Serang-Panimbang first section in Banten are the three projects that the company is looking to complete and inaugurate by the end of the year.

"We are striving to maintain a healthy financial situation of the company to support our efforts on completing projects delegated to our company. Once completed, our project would benefit the public and ensure profitability for our company," General Director of Wijaya Karya Budi Waskito noted in a written statement received in Jakarta, Tuesday.

Waskito explained that in order to complete the Serang-Panimbang toll road connecting Serang City and Lebak and Pandeglang districts in Banten, the company had delegated the task to its subsidiary PT Wijaya Karya Serang Panimbang that will serve as the toll operator as well upon completion of the toll road.

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The Wijaya Karya Consortium strives to complete the Bendo Dam Project in Ponorogo District, East Java. The dam will provide reliable water supply for an irrigation system covering 7,800 hectares of rice fields in Ponorogo District and Madiun City, Waskito noted.

Other projects expected to be completed by this year include the Kuningan Dam in Kuningan District, West Java. With 221.59 hectares of inundation area, the total water capacity of the dam reaches around 25.9 million cubic meters, sufficient for an irrigation system covering three thousand hectares of land in the northern part of West Java, he remarked.

PT Wijaya Karya successfully maintained positive performance by clocking profit of Rp136.10 billion (around US$9.5 million) and Rp6.77 billion (around US$473 million) worth of total sales for the first semester period of 2021 despite the COVID-19 pandemic.

The company also booked new contracts with a total value at Rp11.96 trillion (around US$783 million), an increase of 168 percent as compared to the corresponding period in 2020. The infrastructure and building construction sectors were the largest contributors to profits for the company followed by the energy and industrial sectors.

A healthy financial situation enables the company to participate in other strategic infrastructure projects initiated by the government, Waskito added.

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Translator: Aji Cakti, Nabil Ihsan
Editor: Suharto
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