Tag: Hutama Karya
Trans-Sumatra & Hutama Karya’s Financials
The government initially proposed capital injection of Rp12.5 trillion to state EPC firm Hutama Karya in the State Budget 2019. The House of Representatives (DPR), however, might agree on a lower amount with some implications to the trans-Sumatra toll road program, especially those in early stage of development.
Read More
Jokowi’s State Capitalism: 2019 Budget (1)
President Joko ‘Jokowi’ Widodo shows his consistency in accelerating infrastructure development with Rp420.5 trillion of budget for infrastructure next year, an increase of 2.46% from this year. Budget for viability gap fund (VGF) for infrastructure projects, meanwhile, jumped by 50% to Rp4.5 trillion.
Read MoreDebts & Cash-Flows of State EPC Firms: Hutama Karya
PT Hutama Karya, the state-owned EPC firm assigned to develop trans-Sumatra toll road, has just released its financials for the period ended June 30, 2018. The Company booked net profit of Rp614.2 billion in the first half, surged by 70% from the corresponding period last year. Hutama Karya also turned to cash-positive.
Read MoreImproved Connectivity Outlook
After years of efforts, including court battles, the government has finally completed land acquisition for Pejagan-Pemalang toll road. Overall construction progress reached 93%, ensuring full commercial operation of the toll road by Waskita Karya (WSKT) in the coming months. Land acquisition for Medan-Binjai and Palembang-Indralaya in Sumatra Island has also been fully completed.
Read MoreTrans-Sumatra & Growing Investments
Some toll roads in Sumatra Island are getting closer to completion and full commercial operation. The Medan-Binjai toll road in North Sumatra, for example, progressed well with construction progress of 83.56%, while Palembang-Indralaya toll road in South Sumatra has reached 80.4%. These toll roads should enter full commercial operation in the coming months.
Read MoreHutama Karya Sets Capex of Rp19 Trillion for 2018
State contractor PT Hutama Karya allocates capital expenditure (capex) of Rp19 trillion for this year. It targets to raise Rp4.5 trillion from assets securitization (toll road access to Tanjung Priok). The said capex will be...
Read MoreToll Road Projects Update
Looks like that construction of first section in Padang-Pekanbaru (240 KM) toll road in Sumatra Island will start next year. State-owned EPC firm assigned to develop trans-Sumatra, PT Hutama Karya has just this morning invited consultants for review of basic design and documentation planning for land acquisition.
Read MoreTrans-Sumatra Toll Road, So Far
By third month of the year, physical construction progress of Bakauheni-Terbanggi Besar (140 KM) toll road was barely 2%. As of last week, however, progress has reached 17.53%. The first section, Bakeuheni-Sidomulyo (39.4 KM), has even reached 28.3%. How about other sections and other toll road projects under the trans-Sumatra toll road program?
Read MoreInfrastructure Journal
Cement sales in November 2016 was a big disappointment to domestic producers. They pointed to weak demand from property sector and lower than expected demand from power plant, mineral processing projects, and budget cut in some infrastructure projects. Still, we see solid progress of some signature infrastructure projects, including LRT, MRT, and toll roads this year.
Read MoreTrans-Sumatra Toll Road Update
Land acquisition for Bakeuheni-Terbanggi Besar (141 KM) toll road in Sumatra has been faster recently. On November 25, for example, the government paid out compensation for 199 parcels of land in Serdang village. Earlier on November 17, the government also paid out compensation for 10 parcels in Gali Village, Lampung province, paving the way for faster construction of Section II of the toll road.
Read MoreJokowi’s Infrastructure Push
President Joko ‘Jokowi’ Widodo is expected to solve land issue for the Jakarta-Bandung fast train project at air force base Halim Perdanakusuma area in his scheduled visit today. The president has also asked minister of high education and research to set aside 400 hectares of land in Walini, which will be one of the transit station for the fast train, for expansion of Bandung Institute of Technology (ITB).
Read MoreToll Road Projects Update (1): Trans-Sumatra
Waskita Karya (WSKT), the state EPC firm, has provided Rp3.09 trillion loan facilities to subsidiary PT Waskita Toll Road (WTR) to bridge-finance land acquisition of its toll road projects. Fellow state EPC firm Hutama Karya, which is tasked to develop the trans-Sumatra toll road, meanwhile, boosted allocation of bridge financing for land acquisitions in the island.
Read More