State-owned construction company Waskita Karya plans to raise funds from a variety of financing sources to support its expansion plans in 2018. The firm plans to build new toll roads spanning 564 km at an estimated cost of Rp 154 trillion in 2018. The Indonesian government has earmarked Rp 31 trillion for Waskita’s turnkey projects, which will be completed in 2018. The company’s turnkey projects include 18 toll road projects and a LRT network in Palembang, South Sumatra. In addition, the firm plans to raise Rp 4 trillion from the divestment of its concession rights and around Rp 7 trillion through a bond issue.
