Jakarta, April 23, 2018. PT Waskita Karya (Persero) Tbk (WSKT) signed a credit agreement Rp 1.5 trillion with DBS Bank & PT Bank DBS Indonesia, PT Bank CIMB Niaga Tbk and KEB Hana Bank.

The loan will be used to finance the Cinere - Serpong toll road project development in order to accelerate the construction of the toll road segment targeted for completion by the end of 2018. "This fund will be one of the funding alternatives to build Cinere - Serpong Toll Road section being worked on by Waskita, "Said Director of Finance and Strategy of PT Waskita Karya (Persero) Tbk, Haris Gunawan. The term of this loan is 1.5 (one and a half) years.

For information Cinere - Serpong Toll Road Project with a total length of 10.14 kilometers obtained Waskita in 2017 with a contract value of Rp2, 39 trillion. Progress of the work up to now has reached 22.68% which includes structural work, earthwork, and pavement work. As for the progression of land acquisition has reached 60.9%.

Also present at the signing ceremony of this credit agreement Director of Finance and Strategy PT Waskita Karya (Persero) Tbk Haris Gunawan, Agency Services Division Head PT Bank CIMB Niaga Tbk Heru Prakoso, Mining and Energy Group Head PT Bank CIMB Niaga Tbk Catharina Shirley Meilany, PT Bank KEB Hana Indonesia Fredrick Tjokro, Legal Division Head PT Bank KEB Hana Indonesia Irwan, SH, Vice President PT Bank DBS Indonesia Reni Arfiani Astuti, Executive Director of PT Bank DBS Indonesia Regina Lestari Busono, Senior Vice President Head of Securities and Fiduciary Services of PT Bank DBS Indonesia Daniel Gerald Sitompul, and Vice President of Head of Services Services Securities Fiduciary Services PT Bank DBS Indonesia Annita Sari Thamrin.