Singapore, Dec. 9 -- By the middle of next month, if everything goes according to plan, Waskita Karya, Indonesian's biggest and most indebted contractor, will sell two toll roads and gain badly needed cash.
The sale comes as Indonesia's President Joko Widodo, widely known as Jokowi, seeks to extend his infrastructure-building bonanza during his second and final term.
The price tag? US$400 billion (S$544 billion). The government is also eyeing plans to move the capital from Jakarta to a place somewhere on the east of the island of Borneo at an estimated initial cost of 466 trillion rupiah (S$45 billion).
But Mr Joko may need to find another way to pay for his building frenzy because the country's state-owned contractors are already in ...