Indonesian toll road builder Waskita Karya to secure $1b in new loans

Indonesian toll road builder Waskita Karya to secure $1b in new loans

Jakarta, Indonesia. Photo by Afif Kusuma on Unsplash

Debt-ridden Indonesian toll road builder Waskita Karya on Friday secured shareholder approval for 15.3 trillion rupiah ($1.05 billion) in new loans in a fresh boost after a promise of support from the country’s newly announced sovereign wealth fund.

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