PT Waskita Karya (Persero) Tbk plans to divest several toll roads owned and managed by PT Waskita Toll Road to the Indonesia Investment Authority (INA).

Waskita Karya's Finance Director, Taufik Hendra Kusuma, said that Waskita's management had conducted intensive informal discussions with the INA team since the end of last year.

"With the inauguration of the INA management, Waskita hopes that the process can immediately proceed to the next stage and the divestment transaction of several toll roads to INA can be carried out no later than the second semester of this year," Taufik said in his statement in Jakarta, on Monday (8/3).

The divestment scheme that the company hopes for is a cash sale and purchase scheme. Currently, Waskita has ownership in 17 segments in Java and Sumatra, of which 12 have been operating, either fully or partially.

The presence of INA will help state-owned infrastructure developers to divest (asset recycle).  INA acts as an investor who will take over investment projects that are already operating, such as toll roads, airports, and ports, which SOEs currently own.