JAKARTA: PT Waskita Karya, Indonesia’s top state-owned construction firm, is set to sell its shares in two toll roads this year to state-owned infrastructure financier PT Sarana Multi Infrastruktur (SMI) to raise capital and pay off debt.
Waskita, through subsidiary PT Waskita Toll Road (WTR), will sell a 20% share in the Semarang-Batang toll road in Central Java and 35% share in the Cinere-Serpong toll road in Greater Jakarta.
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