Waskita Karya president director Destiawan Soewardjono said on Wednesday that the government still owed the company Rp 3.71 trillion for land acquired for its ongoing toll road projects, including the Pemalang-Batang toll road in Central Java, the Bekasi-Cawang-Kampung Melayu told road in Greater Jakarta and the Cimanggis-Cibitung toll road in West Java.

A combination of mounting unpaid expenses by the government and the company’s dwindling income due to the COVID-19 pandemic has caused cash flow issues for the company, according to Destiawan.

“Our cash situation is currently in the red. However, we’re increasing our efforts to improve the situation by collecting unpaid reimbursements,” he said during a presentation at the House of Representatives, adding that the company had suffered from a 50 percent decline in toll road traffic.

He urged the Finance Ministry’s State Asset Management Agency (LMAN) to make the repayments, as the company’s data showed it was eligible to receive Rp 1.35 trillion from the agency as of Wednesday.

The LMAN previously stated it would continue to reimburse companies to help them endure the impacts of the drop off in toll road traffic. It has reimbursed Rp 53.3 trillion to state-owned companies for land acquired for 77 strategic national projects, of which Rp 11.88 trillion had gone to Waskita Karya, as of June 24.

Destiawan said Waskita Karya planned to asked the State-Owned Enterprises (SOE) Ministry for additional funds.

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