WIKA Will Offer Balikpapan-Samarinda And Manado-Bitung Toll Roads To Investors Via LPI

Toll Road Illustration (Photo: ANTARA)

JAKARTA - PT Wijaya Karya (Persero) Tbk or WIKA will offer a number of toll road assets to investors through the Investment Management Institution (LPI) or the Sovereign Wealth Fund (SWF). Therefore, WIKA began combing the projects that will be offered. The plan is for the assets to be offered in the form of old or new toll roads owned by the state-owned issuer.

President Director of Wijaya Karya, Agung Budi Waskito, said that the LPI is an encouragement for the Company to accelerate project procurement. Not only that, the LPI is expected to be able to drive the acceleration of infrastructure work in the country.

"With the existence of the LPI, this is our motivation to be able to build Indonesia's infrastructure. Of course we have prepared. One is the toll road, incidentally there are several toll roads that we are working on and that we are already working on. We want some of them together with LPI or INA. , "he said, in the Indonesia Muda Club Webinar, Friday, May 7.

Agung said that the toll roads that are likely to be included in the LPI are the Balikpapan-Samarinda (Balsam) and Manado-Bitung toll roads. According to Agung, the two state assets offered to increase the company's operating capital.

Furthermore, Agung said that his party has started to classify a number of assets owned for entry into state investment institutions. Even so, management has not yet decided which assets will be offered to investors.

Currently, management has carried out the evaluation stage with a number of authorities regarding the mapping of assets to be submitted to LPI. The plan is that the management will submit a decision in the near future.

"We have not decided which one, but we have an idea of our old project, some of which we will propose there. Balikpapan-Samarinda, Manado-Bitung are already finished. This is currently in the evaluation stage. Hopefully this will be completed and can be invited to work together. "We offer it to LPI, either the old toll road or the new toll road," he said.

Furthermore, Agung believes, the transaction will increase the company's funds to be used as capital for other projects that will be worked on.

For your information, PT Wijaya Karya (Persero) Tbk (WIKA) has prepared various strategies to be able to withstand the pandemic last year. Despite experiencing difficulties, this state-owned company insists that it does not lay off its employees.

Not only that, last year WIKA also admitted that it was not looking for profits and big projects. His party only wants to survive by doing some strategies. One of them is doing a stressing test.

For 2021, Wijaya Karya has prepared several specific strategies, such as investment in the industrial and mineral sectors. This was done because other companies had not received much interest in this sector.