PT Waskita Karya (Persero) Tbk is continuing the restructuring process for its subsidiary, PT Waskita Karya Infrastruktur {"WKI") As part of The Implementation of "Eight Streams of Waskita Financial Restructuring." WKI has successfully restructured its investment credit and working capital credit facilities with a total of Rp. 153.51 billion, which is a continuation of the restructuring process of WKI last year. With this restructuring, WKI received relaxation on principal payments and interest rate adjustments for May 2022 to March 2023 to 5.00-5.50% per annum. With the addition of this credit agreement, the Company can save financial burdens during the recovery period and improve sustainable financial performance.

The Company's Director of Finance & Risk Management, Taufik Hendra Kusuma said The company targets to complete the restructuring process this year. One of them is The Completion of the restructuring process of a subsidiary PT Waskita Beton Precast Tbk. So, We can focus more on running the Company's business operations as a Group In the future.

In line with the restructuring process that has been carried out by the Company since last year, the Company is optimistic that it can reduce the Company's interest expense to 1 5% YoY by the end of this year. This is In line with the Company's focus on achieving targets during the recovery period," said Taufik.

"This year, the Company will also get another fiscal support from the Government in The Form of issuance of Bonds/Sukuk with Government and PMN guarantees. So far, the performance achievement is still on track according to Waskita's recovery stage," concluded Taufik.