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WIKA hands over the land acquisition settlement to PSBI

16 July 2019 13:23

JAKARTA — PT Wijaya Karya Tbk. (WIKA), one of the members of the BUMN consortium working on the Jakarta Bandung Fast Train (KCJB) project handed over the responsibility for the land acquisition settlement to the management of PT Pilar Sinergi BUMN Indonesia (PSBI) as the project implementer.

This is WIKA's response to the land acquisition process at Tanah Galian, Kelurahan Cipinang Melayu, which was considered unfair because it was not based on an agreement with the landowners. 

WIKA Corporate Secretary Mahendra Vijaya said that PSBI has separated management from WIKA. "Please contact PSBI," he told IDNfinancials.com on Tuesday (16/7/2019).

KCJB project is handled by PT Kereta Cepat Indonesia China (KCIC). KCIC is a joint venture between PT Pilar Sinergi BUMN Indonesia (PSBI) and Beijing Yawan HSR Co. Ltd. Meanwhile, PSBI itself consists of multiple companies, including WIKA. (ARM/AR)

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