Jakarta - PT Wijaya Karya Tbk received a working capital credit facility from PT Bank Tabungan Negara Tbk worth Rp340 billion and a guaranteed value of around Rp425 billion.

"The contractor's working capital credit agreement transaction and fiduciary guarantee agreement will be held on May 23, 2022," WIKA Corporate Secretary Mahendra Vijaya said in an information disclosure in Jakarta on Friday (5/27).

According to Mahendra, the company will use the working capital credit facility to finance the erection work and civil works in the CE area of the Manyar Smelter project. Meanwhile, the provision of fiduciary guarantees in invoices for payment of work contracts with PT Chiyodya International Indonesia.

"The consideration for this transaction is for working capital financing purposes in order to complete the construction and project work of the company, especially financing for the erection and civil works for the CE area of the Manyar S