Waskita to Allocate IDR1.5Trn for 2015 Capex

Management of Waskita Karya, Tbk (WSKT IJ) has stated that the company will allocate IDR1.5Trn of capex for 2015 that will come from bond issuance. WSKT will issue IDR1.5Trn of bond by March or April 2015. Most of the bond will fund toll-road project and some will be used for property projects. Management has to also set a would target new contract of IDR20Trn for 2015 with revenue targeted to reach IDR13Trn. Meanwhile, its precast concrete subsidiary (Waskita Beton Precast) will build 2 precast production plant in Penajam, East Kalimantan and South Sumatera. The investment value for the factories are estimated at IDR200Bn and the plants will have a total capacity of 450K tonnes per year.

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