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Danantara’s Construction SOEs Rescue Scheme

Monday, June 16, 2025

Danantara designs a rescue plan for state construction firms, many still deep in the red due to suboptimal business models.

arsip tempo : 176858760690.

Infrastructure development within the Central Government Core Area of the Nusantara Capital City, Penajam Paser Utara, East Kalimantan, February 26, 2025. Antara/M Risyal Hidayat. tempo : 176858760690.

Wijaya Karya (WIKA) has secured a new contract. On Wednesday, June 11, 2025, the state-owned construction company, referred to locally as BUMN Karya, inked a deal worth Rp426.98 billion (around US$26.2 million). This latest assignment involves upgrading road package G in the Central Government Core Area of the new capital, Nusantara, located in Sepaku subdistrict, North Penajam Paser Regency, East Kalimantan.

This new job adds to the long l

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Khairul Anam contributed to the writing of this article. 

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