Hutama Karya Will Sell Thepeka Toll Road To INA This Year

Hutama Karya President Director, Budi Harto (Photo: Mery Handayani/VOI)

JAKARTA - PT Hutama Karya (Persero) will divest or release the Terbanggi Besar-Pematang Panggang-Kayu Agung (Terpeka) to the Indonesia Investment Authority or INA this year. After previously two toll roads have been successfully released to INA.

The two toll roads belonging to PT Hutama Karya (Persero) that have been released are the Bakauheni-Terbanggi Besar Toll Road and the Medan-Binjai Toll Road. The transaction value for the acquisition of BUMN Karya assets reached Rp20.5 trillion.

The President Director of Hutama Karya, Budi Harto, said that the construction of the Terbanggi Besar-Pematang Panggang-Kayu Agung section itself has been completed. Thus, the release of share ownership on the section will be carried out this year.

"The target is this year, from Terbanggi Besar-Kayu Agung, this year, pray, right. (Development) has been completed," he said when met at the Ministry of SOEs, Monday, July 24.

For your information, if the Terpeka Toll Road is officially released, the total toll roads that have been released by Hutama Karya to INA this year will reach three segments.

Previously, Deputy Minister of BUMN II, Kartika Wirjoatmodjo said that the total toll roads belonging to Hutama Karya that will be acquired by INA will reach three segments. One other segment that is still being processed is the Terbanggi Besar-Pematang Panggang-Kayu Agung Toll Road.

"We are releasing to INA to become a catalyst for investment in Indonesia, of course with a good commercial aspect," he said during the signing of the Settlement of Investment Transactions, Jakarta, Thursday, July 13.

The man who is familiarly called Tiko ensures that the budget obtained from the sale of the toll road is intended for the construction of the new Hutama Karya assets.

"Yes (acquisition) this is actually our strategy on asset recycling toll roads. So it is indeed seen from the risk of this toll road, the biggest risk is the development process," he explained.