Waskita to Acquire Pejagan-Pemalang Toll

Waskita Karya (WSKT IJ) plans to expand their business to be a toll operator. The company intends to acquire 57.7 Km Pejagan-Pemalang toll road from MNC Infrastructure Utama, a subsidiary of MNC Group. Previously, MNC took over the toll and 4 other tolls from Bakrie Group for IDR2Trn, but it has yet to be developed. Currently, WSKT must get Tollway Regulatory Agency’s (BPJT) approval for the acquisition processes.

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