$5bn Jakarta-Bandung rail link helps spark Indonesian construction boom

Indonesian construction worker

Indonesian construction worker

Jakarta-Bandung rail link: The Indonesian government’s decision to award a consortium led by China International Railway to build the country’s first ever high-speed rail link is set to trigger a national building boom, with the state-owned Wijaya Karya (Wika) announcing this week that it is looking to secure new contracts worth around $3.65bn in the current year, more than double what it achieved in 2015.
The increase is largely due to the $1.23bn in new orders it expects to win from the high-speed 150km Jakarta-Bandung railway project that is to be built by the consortium that also includes Wika itself, Pilar Sinergi BUMN Indonesia, Kereta Api, and Jasa Marga.
 Wika is looking to win around further $1bn of contracts from a combination of toll road, power plant and oil and gas projects, a company spokesman said this week.

 
Source: nikkei