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New Capital for Assigned Projects

Monday, 26 September 2022

A number of state-owned construction companies are doing whatever they can to get the capital needed to complete government-assigned infrastructure projects. Construction SOEs’ debts are soaring.

Light Rapid Transit (LRT) coaches make a stopover at Dukuh Atas Station, Jakarta, February 17. The railway project was carried out by Adhi Karya. Tempo/Tony Hartawan . tempo : 169569704845_

TWO state construction companies, Adhi Karya and Waskita Karya, have big plans scheduled. Ahead of the year-end, they will hold rights offerings as an effort to raise capital in order to be able to keep working on the infrastructure projects assigned to them. Adhi Karya will go first in October, seeking Rp3.87 trillion proceeds. Waskita Karya will follow a month later, targeting Rp3.98 trillion.

Their corporate actions had been approved by the H

...

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Retno Sulistyowati

Toll roads PT Adhi Karya Infrastructure Waskita Karya SOE
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