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View all search resultsState-owned construction company PT Wijaya Karya (Wika) has seen its revenue and net profit nosedive during the first nine months of the year as new contracts plunged amid the pandemic-induced economic crisis.
Three state-owned construction companies, PT Waskita Karya, PT Hutama Karya and PT Wijaya Karya, are seeking repayments from the government for Rp 5.6 trillion (US$390.9 million) in accumulated land acquisition expenses for infrastructure projects.
City-owned developer PT Jakarta Propertindo (Jakpro) is set to proceed with the construction of mega project the Jakarta International Stadium in Tanjung Priok, North Jakarta, despite objections from the losing bidder over the result of the tender.
The high-speed railway project connecting Jakarta and Bandung in West Java that will be integrated with four transit-oriented developments (TODs) along the rail line is expected to create a new economic center.
State-owned construction company Wijaya Karya (Wika) has announced that it has won infrastructure development contracts in 10 countries: Algeria, Malaysia, Myanmar, Niger, Nigeria, the Philippines, Senegal, Chinese Taipei, Timor Leste and the United Arab Emirates.
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