Tag: Pejagan-Pemalang

Connectivity Report: Java

Slightly behind schedule, President Joko ‘Jokowi’ Widodo is expected to inaugurate Section III and IV of the Pejagan-Pemalang toll road, developed by Waskita Karya (WSKT), this month. Physical construction of the toll road has been 100% completed. We, accordingly, are moving closer to full connectivity of trans-Java.

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Waskita Karya: Toll Road Projects & The Balance Sheet

Waskita Karya (WSKT) was a company with total assets of less than US$1 billion by the end of 2014. By March 31, 2018, the Company’s total assets already reached Rp111 trillion or around US$8 billion following its expansion into toll road business. Equity reached Rp24.5 trillion by March 2018, ten times the amount recorded in Dec 2014.

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Encouraging Signs: Infrastructure

The government has resumed physical construction of 34 out of 37 infrastructure projects previously suspended following series of work accidents. These include three light-rail transit (LRT) projects (Palembang, Greater Jakarta, and Jakarta) and Jakarta-Cikampek elevated toll road. There are also encouraging signs from the development of some international airports.

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Improved Connectivity Outlook

After two years of construction, physical progress of Bakauheni-Terbanggi Besar, the longest toll road (140 KM) in Sumatra Island, moved closer to completion. As of December 15, 2017, physical construction progress already reached 61%, while some sections are scheduled to start trial operation in the coming weeks.

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