WIKA and WIKA Realty Synergise with other SOEs KAI, PSBI, and KCIC in the Establishment of JVCo to Develop Railway Transportation and TOD Area in Tegalluar, Bandung

Thursday, 17 October 2019

Jakarta, 17 October 2019 - In regard to the implementation of the commitment of State-Owned Enterprises Synergy, WIKA and WIKA Realty along with PT Kereta Api Indonesia (Persero), PT Pilar Sinergi BUMN Indonesia, and PT Kereta Api Indonesia China plan to carry out a cooperation in connection with the implementation of facilities and infrastructure of transportation mode and the development of the Transit Oriented Development Area (TOD) in the city of Bandung. The cooperation is realised by the signing of the joint venture company (JVCo) agreement which is held in Jakarta on Wednesday (10/17). The momentum is attended by each companies representatives, including PT Wijaya Karya (Persero) Tbk's Director of Operation Agung Budi Waskito, President Director of PT Kereta Api Indonesia (Persero) Edi Sukmoro, President Director of PT Wijaya Karya Realty Agung Salladin, President Director of PT The Synergy Pillar of Indonesian BUMN Natal Argawan Pardede, President Director and Finance Director of PT China Fast Train Indonesia Chandra Dwiputra and Zhang Chao. Additionally, Deputy of Ministry of BUMN, Aloysius Kiik Ro and Fajar Harry Sampurno, also attend the event.

 

It is planned that in this collaboration, the JVCo will develop infrastructure and facilities for the transportation mode of urban railways in Bandung and develop transit-oriented development areas on the Tegalluar-Bandung route. Agung Salladin as President Director of WIKA Realty revealed, "currently WIKA Realty business will focus on developing the TOD project. In the next few years, we have prepared several massive areas of land that are integrated with modes of transportation, one of which is in Tegalluar. In its development, we also synergise with WIKA as our holding company and other BUMN or private companies. "