JAKARTA - PT Waskita Karya (Persero) Tbk (WSKT) in October 2019 will receive payments from 4 turnkey projects that have been undertaken by Waskita worth approximately Rp 2.52 trillion.
The four projects referred to are the South Sumatra LRT Project as much as Rp 500 billion, Kunciran - Parigi Toll Road Project Rp 700 billion, Cileunyi - Sumedang - Dawuan Toll Road Project Rp 327 billion, and Cinere - Serpong Toll Road Project Rp 1 trillion.
In addition to these four projects, Waskita will also conduct billing for the work of Trans Sumatra toll road project developed by PT Hutama Karya (Persero) and completed in 2019. From the Trans Sumatra toll road project, the company is expected to receive a payment of Rp 13 trillion.
Furthermore, Waskita will also receive payments from the Jakarta - Cikampek II Elevated toll road project. Payment amounting to Rp 4.5 trillion from the Japek II Elevated Toll is expected to be received in December 2019.
Payments for these projects are included in the planned cash receipts from the turnkey project of Rp 24 trillion, which will be completed in 2019. (LM)