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Waskita Karya’s Problems: Debts to Corruption

Monday, December 4, 2023

Waskita Karya is caught in a big issue. It undertakes project assignments with loans and its own capital.

arsip tempo : 177084580859.

Waskita Karya Office Building on Jalan Biru Laut Kav 10, Cipinang Cempedak, Jatinegara, Jakarta. TEMPO/Subekti/File Photo . tempo : 177084580859.

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,

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Fery Firmansyah

Ghoida Rahmah contributed to this report.

Toll roads Corruption Debt Waskita Karya Supply Chain Financing (SCF)
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