Waskita Karya Optimistic APBN to Boost Palembang LRT Project

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PT Waskita Karya (Persero) Tbk said it did not bother with the ability of the National State Budget (APBN) to funding Light Rapid Transit (LRT) project in Palembang which needs Rp10.9 trillion.

Waskita Karya President Director Muhammad Choliq said the company remains focused in accelerating the construction of the 23.4-kilometer LRT and will be completed on 30 June 2018 or before the 2018 Asian Games to start.

“The funding is entirely the responsibility of the government through the state budget. We do not interfere. We only focus on the construction,” said Choliq on Thursday night (2/16).

In other words, Waskita does not worry about the ability of the state budget to finance the Palembang LRT project; although, at the same time, the government has also to finance the LRT project of Jakarta-Bogor-Depok and Bekasi (Jabodebek).

In the Jabodebek LRT project, the government needs to find a way to get Rp23.3 trillion, included 10 percent Value Added Tax (VAT), to finance the project done by PT Adhi Karya (Persero).

The government and Waskita have agreed the contract value of LRT project in Palembang at Rp10.9 trillion from previous estimate of Rp12.5 trillion.

Currently the Palembang LRT project has been done 34 percent and is targeted to reach 85 percent by the end of the year, so that in February 2018 the project is expected to complete 100 percent.

After that, it will be the turn of PT Kereta Api Indonesia (Persero) or KAI, as the provider of railway facilities, to conduct the trials and operate the trains before 30 June 2018.