JAKARTA – PT Waskita Sriwijaya Tol (WST), an affiliate of PT Waskita Karya (Persero) Tbk (WSKT), obtains a loan facility worth IDR 2.9 trillion from PT Sarana Multi Infrastruktur (Persero).
In the information disclosure quoted Thursday (30/6), Novianto Ari Nugroho, SVP and Corporate Secretary of WSKT, claimed that said facility is given to accelerate the completion of Section II and III of the Kayu Agung-Palembang-Betung Toll Road. “The loan is due next 15 years after the financing facility agreement was officially signed yesterday (27/6),” he added.
According to Nugroho, the availability period and the grace period of said facility are reportedly capped to 60 months after the investment financing agreement was signed by both parties. The interest rate is also set to the reference rate plus a margin of equivalent to 9.25% per year, under the condition that the reference rate refers to the average of 3-months JIBOR stated in the official website of Bank Indonesia (BI). The margin will also be decided two days prior to the facility agreement signing.
PT Waskita Toll Road (WTR) is the owner of 99.49% of WTS’s shares. On the other hand, 87.60% of WTR is under the control of WSKT. (LK/ZH)