November 16, 2018

Indonesian Road Contracts

WSBP Aims New Contracts Value of IDR10.39 Trillion in 2019

PT Waskita Beton Precast Tbk
JAKARTA, NNC - As of October 2018, PT Waskita Beton Precast Tbk (IDX:WSBP) has successfully secured new contracts value of IDR4.56 trillion from 2018 new contracts target of IDR6.6 trillion.
The new contracts originated from several large projects being supplied by WSBP, including additional work on the Cibitung-Cilincing Toll Road Project, additional work on the Kulonprogo I Project, additional work on RDMP (Refinery Development Master Plan) RU V Balikpapan, and other projects.
President Director of PT Waskita Beton Precast Tbk Jarot Subana said that within the remaining two months, the company will focus on pursuing the target of obtaining contract value this year.
"For this reason, WSBP has also obtained several potential projects that can increase the value of WSBP new contracts until the end of this year, namely the Pekanbaru-Dumai Toll Road Project, Kuala Tanjung-Indrapura Toll Road Project, additional work for the KLBM (Krian-Legundi- Bunder-Manyar) Toll Road Project and a number of other projects," said Jarot, Wednesday (11/14/2018).
For information, the contract value target of IDR6.6 trillion is the revised result of the company's Work Plan and Budget, because previously WSBP projected new contract value of IDR8.3 trillion.
The change was due to several major project tenders being postponed including the Probolinggo-Banyuwangi Toll Road Project, Balikpapan Penajam Bridge and the Singosari-Batu Toll Road Project.
Meanwhile, in 2019, WSBP targets the acquisition of new contracts value of IDR10.39 trillion from both internal and external projects.
PT Waskita Beton Precast Tbk was formed officially as a subsidiary of PT Waskita Karya (Persero) Tbk (IDX:WSKT) on October 7, 2014.
WSBP is a company producing precast and ready mix concrete with the current largest production capacity in Indonesia. The company listed its first shares on the Indonesia Stock Exchange (IDX) on September 20, 2016.

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