Waskita Karya Targets IDR3Trn Funds through Toll Roads Divestment

By administrator | July 11, 2018 | Infrastructure Transportation.
Toll Roads Divestment

Illustration: Toll Roads Divestment

Waskita Karya Targets IDR3Trn Funds through Toll Roads Divestment. Consequently, Waskita Karya (WSKT IJ) is targeting to receive IDR3Trn additional funds through toll roads divestment of its subsidiary, Waskita Toll Road (WTR). In fact, according to Waskita Toll Road’s management, the company is processing divestment in Bekasi-Cawang-Kampung Melayu (Becakayu) and Kayu Agung-Palembang-Betung (Kapal Betung)’ toll roads.

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As well as, this corporate action is target to complete in 2018. Furthermore, there are 4-5 potential investors coming from domestic and various foreign countries. As a result, Waskita Karya has received additional IDR5Trn funds through issuing Danareksa Infrastruktur Trans Java’ limited investments mutual funds and WTR as the underlying asset.

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