Jakarta, CNBC Indonesia – State-owned construction companies, PT Waskita Karya (Persero) Tbk (WSKT) and China Communications Construction Company Co. Ltd. cooperates with the development of strategic infrastructure in Indonesia.
The cooperation between the two companies includes the development of transportation infrastructure and other industries such as the Kayu Agung – Palembang – Betung toll road project, the Ciawi – Sukabumi toll road, the Cikampek – Plumpang fuel distribution pipeline, the Benoa Bali Port Revetment, as well as several other infrastructure projects.
The signing ceremony was held on Sunday (6/6/2021) afternoon. Waskita was represented by Destiawan Soewardjono, while CCCC was represented by Yun Liang as Executive Director. The cooperation was also witnessed by Coordinating Minister for Investment and Investment Luhut Binsar Pandjaitan, Minister of SOEs Erick Thohir and Deputy Minister of Finance Suahasil Nazara.
The Minister of SOEs, Erick Thohir, said that the construction sector must continue, not only to strengthen domestic connectivity but as one of the economic activities that will help Indonesia grow during and after the pandemic.
“However, we must be able to get out of the crisis caused by the pandemic and continue to strengthen cooperation with various parties,” Erick said in his statement.
Waskita President Director, Destiawan Soewardjono said this collaboration is one of the company’s strategies to create positive business growth potential after the Covid-19 vaccine.
“The construction and infrastructure sector is one of the vital sectors to encourage national economic growth,” said Destiawan.
Through synergies with large infrastructure developers such as CCCC, Destiawan added, the benefits not only provide added value for the two companies, but also bring benefits to the country and society.
In line with the spirit of the Ministry of SOEs to build strong partnerships between SOEs and the private sector, Destiawan explained that he would explore more opportunities for infrastructure development that could be synergized with foreign partners such as CCCC and other strategic partners.
For information, CCCC is a Chinese state-owned enterprise engaged in investment, design, construction, and transportation infrastructure. As of December 31, 2020, it was recorded that CCCC had assets with a total value of US$ 204 billion.
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