In Front Of Commission VI Of The House Of Representatives, Waskita Karya Curhat's Boss Has A Debt Of IDR 45.84 Trillion

JAKARTA - PT Waskita Karya (Persero) Tbk is still burdened with jumbo debt reaching Rp45.84 trillion as of 2024. The debt is with various parties, both banking, vendors, and bonds.

"Total utang kita di tahun 2024, 2022 sampai 2024 saya jelaskan di sini total utang itu Rp45,8 triliun," ujar Direktur Utama Waskita Karya, Muhammad Hanugroho dalam rapat masyarakat (RDP) dengan Komisi VI DPR RI, Jakarta, Rabu, 5 Maret.

Hanugroho said the largest portion of debt was recorded in the aspect of debt restructuring with banks in the master recruitment agreement (MRA) worth IDR 26 trillion. The MRA is the latest agreement from the first phase of the MRA in 2021.

Then, continued Hanugroho, the debt burden on bonds and sukuk consisting of guarantee bonds and non-guarantee bonds. Guarantee bonds from the government are around Rp9.76 trillion.

"Furthermore, for this, there is an additional guarantee working capital credit, this is only Himbara plus 2 BPD (Regional Development Bank) which supports us, which is almost Rp. 5.2 trillion," he said.

Hanugroho also revealed Waskita Karya's total debt to vendors who had been partners reached Rp3.78 trillion. Finally, there is a tax debt of Rp1 trillion.

"Furthermore, there are vendors, debt vendors of debt vendors of Rp. 3.78 trillion and then there is also this tax until 2024, which is around Rp. 1 trillion," he explained.

That way, continued Hanugroho, Waskita Karya's total debt amounted to IDR 45.84 trillion. This figure is lower than the debt position in 2022 of IDR 49.5 trillion, and the debt position in 2023 is IDR 50.04 trillion.

Meanwhile, continued Hanugroho, the company's cash flow sources are only two new projects or the remaining value of the old project and toll road divestment. He also said there were no more banking facilities because the company was undergoing restructuring.

"This structure automatically banks will never be able to provide new exposure to us, so how do we look for new projects to fulfill existing projects so that they also produce good margins without problems," he explained.