State toll road developer Waskita Karya (WSKT), through its subsidiary PT Waskita Toll Road (WTR), added paid-up capital and placed cash to PT Citra Waspphutowa in the amount of Rp61 billion for the cash needed’ Rp2.12 trillion.
According to the spokeswoman, Shastia Hadiarti the capital increase would be used to meet the operational needs of Citra Waspphutowa. WTR owned 25% at the Depok-Antasari toll road concession holder.
While, other state-owned company, PT PP (PTPP) has shares as much as 12.5% or worth Rp125.5 billion and toll operator Citra Marga Nusaphala Persada (CMNP) owns 62.5% shares or valued at Rp627.5 billion.
In February, WTR received an injection capital for the Trans Java toll road worth Rp10.76 trillion. The details are Rp6.8 trillion to finance the construction of the Cibitung-Cilincing section in Jakarta and Rp3.96 trillion for the Krian-Legundi-Bunder-Manyar section in Central Java.