JAKARTA -- Indonesian state-owned contractor Wijaya Karya, known as Wika, said new orders in 2016 more than doubled from last year to 53.6 trillion rupiah ($3.96 billion), in large part thanks to the China-led Jakarta-Bandung railroad project.
The figure exceeded the company's initial target of 52.8 trillion rupiah, it said in a news release on Wednesday. Wika is part of the consortium developing the railroad and has said it will bag 30% of the $4.3 billion project total, or $1.29 billion, for the construction of bridges and stations, among other work. The value of new orders without the project is around 36.17 trillion rupiah at current exchange rates, a 43% increase from 2015.
