MANY projects, lots of fortune. This saying should apply to contractors. However, this is not the case for Waskita Karya. The many projects assigned by the government are even plunging this state-owned construction company into huge debts. Waskita is thus on the edge of an abyss, between security or peril and insolvency.

The weight of Waskita Karya’s burden is noticeable in the third quarter financial statement of 2023. In September,