Hutama Karya targets IDR 34 trillion from Trans Sumatra toll divestment

Bisnis.comJAKARTA- PT Hutama Karya (Persero) will soon release the assets of 3 segments toll road which operated in Sumatra at the end of this year. From the corporate action, the company will pocket fresh funds of IDR 34 trillion.

Chairman and CEO of Hutama Karya Budi Harto said his party would release Bakauheni-Terbanggi toll road, Terbanggi Besar-Pematang Panggang-Kayu Agung toll road and Medan-Binjai toll road.

Budi said the toll road has been in operation for about 3 years, so the traffic volume on the three sections is considered attractive to attract new investors.

Meanwhile, efforts asset recycling This will be done in collaboration with the Indonesia Investment Authority (INA) which has formed a consortium with pension fund managers from the Netherlands and Canada.

“So HK has HOA [head of agreement] with the INA for recycle assets The 3 segments Bakauheni-Terbanggi Besar-Kayu Agung, Medan-Binjai are 350 km with an estimate of Rs 34 trillion,” Budi told the SOE ministry office on Thursday (29/9/2022).

Budi says results recycle assets The company would later use the company to continue road projects Trans Sumatra Toll Road.

In addition, after finalizing the transaction with INA at the end of the year, the state-owned construction company will avoid a potential loss of IDR 6 trillion.

“[Kerugian] Rs 6 trillion, if there is no divestment with INA,” he said.

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