(Photo: Waskita Karya)

JAKARTA (TheInsiderStories) – State-owned construction company PT Waskita Karya Persero Tbk, (IDX:WSKT) has secured a syndicate loan amounted Rp1 trillion or US$75 million to fund 32 kilo meters Salatiga-Kartasura toll road in Central Java.

The syndicated lenders are PT Sarana Multi Infrastruktur (SMI), PT Bank of Tokyo Mistsubishi UFJ Jakarta Office, PT Bank Mandiri Tbk (BMRI) and PT Bank CIMB Niaga Tbk (BNGA).

The tenor of the loan is one year with interest rate of 8.25 per cent. The toll road development project is expected to be completed this mid year.