Hutama Karya to Allocate PMN Funds for Trans-Sumatra Toll Road

By Editorial Team 12/12/2022
aerial view toll road
Summary

The government will disburse additional capital of Rp 23.85 trillion for PT Hutama Karya (Persero) at the end of 2022 based on Government Regulation No. 47/2022, which President Joko Widodo signed on Dec 8. "The additional state capital injection [PMN] comes from the 2022 state budget," the excerpt reads.

The regulation also states that the additional capital will improve Hutama Karya's capital structure and business capacity. It is also expected to help finish Hutama Karya's assignment to build the Trans-Sumatra toll road. State-Owned Enterprises (BUMN) Minister's staffer Arya Sinulingga revealed that the company would receive a different capital injection in 2023 for the project so that the construction of the Trans-Sumatra toll road's first section from Bakauheni to Jambi could be ready by 2024.

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