Indonesia SOE Holding Backs Waskita Karya's Toll Road Business Focus Amid Restructuring

Indonesia's state-owned enterprise (SOE) holding, led by BP BUMN, and Danantara are actively supporting the restructuring of PT Waskita Karya (Persero) Tbk. The initiative aims to create a more robust and sustainable business foundation for the construction company, moving beyond merely postponing existing obligations.

Dony Oskaria, Head of BP BUMN and COO of Danantara, stated that the company's recovery process must be based on realistic, measurable, and accountable calculations. This approach is intended to yield permanent solutions that enhance Waskita's capacity to meet its obligations while generating long-term value.

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The company's recovery process must be based on realistic, measurable, and accountable calculations, so as to produce permanent solutions that strengthen the company's ability to meet its obligations while creating long-term value.

Discussions during a meeting with Waskita Karya's directors covered crucial aspects such as asset valuation, debt structure and repayment capacity, cash flow projections, and the determination of the most suitable business model for the company's sustainability. A significant direction being promoted is the strengthening of Waskita's focus on its toll road business.

Oskaria highlighted that the toll road business, characterized by its long-term revenue generation, is considered a strong foundation for the company's future. This strategic shift aims to leverage the consistent income potential of toll road operations to ensure Waskita Karya's continued viability and growth.

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With the characteristics of a business that provides long-term income, toll road management is considered to have strong prospects as the company's business foundation.