PP to sell stakes in port, toll roads to finance new infrastructure projects

PT PP Tbk is planning to divest itself of several infrastructure projects next year to fund new infrastructure projects that can boost its recurring income. Finance director Agus Purbianto said that the company was looking to divest stakes in four of its infrastructure projects to help finance its capital expenditure in 2020. “We’re planning to divest our stakes in Kuala Tanjung Port and the Medan-Kualanamu-Tebing Tinggi toll road [in North Sumatra], the Pandaan-Malang toll road [in East Java], the Manado-Bitung toll road [in North Sulawesi] and the Balikpapan-Samarina toll road [in East Kalimantan],” he said.

November 28 2019, The Jakarta Post - Read 131 times

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