Waskita Karya Accelerates Restructuring in Line with BP BUMN-Danantara Directives
The Head of BP BUMN and COO of Danantara, Dony Oskaria, held a meeting with the boards of directors of all BUMN Karya companies. The meeting discussed strategic steps to accelerate the transformation and recovery of company performance.
The meeting also formed part of the efforts by the State-Owned Enterprises Regulatory Body (BP BUMN) and Danantara to strengthen the restructuring measures for BUMN Karya. The goal is to build a healthier, more transparent, and accountable national construction sector.
“Transformation does not only focus on financial aspects but also encompasses strengthening governance, compliance with regulations, and enhancing transparency. Through these steps, BUMN Karya is expected to become healthier, more credible, and possess strong competitiveness,” Dony stated in a written release on Saturday (18/4/2026).
The agenda also emphasised the importance of improving more realistic and credible financial reports, increasing regulatory compliance, and strengthening transparency principles as the main foundation for good corporate governance. BP BUMN together with Danantara continues to push for strengthened governance and financial performance improvements for BUMN Karya as part of sustainable restructuring efforts.
Through more directed and measured restructuring steps, BUMN Karya is expected to become a key pillar in sustainable and highly competitive national infrastructure development.
BP BUMN together with Danantara will continue to oversee this transformation process sustainably so that BUMN Karya can play a strategic role in supporting national development.
In line with these directives, PT Waskita Karya (Persero) Tbk is accelerating its transformation and implementing restructuring. These steps are among the company’s efforts to restore its performance.
These efforts are expected not only to improve company performance but also to have a real impact on the economy and enhance public welfare.
For information, Waskita has undertaken restructuring through the Master Restructuring Agreement (MRA) and changes to the Working Capital Credit Guarantee Facility (KMKP), which has been effective since October 2024 with a total outstanding value of Rp 31.65 trillion.
Restructuring has also been carried out by the company on 3 out of 4 series of non-guaranteed bonds worth Rp 3.35 trillion, which have received approval and been effective since March 2024.