Skyrocketing 109 Percent, Adhi Karya's New Contract Reaches IDR 8.9 Trillion Until March 2023

Infrastructure (Photo: Doc. Antara)

JAKARTA - PT Adhi Karya (Persero) Tbk (ADHI) posted a new contract until March 2023 of IDR 8.9 trillion. This achievement increased by 109 percent compared to the same period in the previous year, which was IDR 4.2 trillion.

The largest new contract contribution was obtained from the Solo-Yogyakarta-YIA Kulonprogo Toll Project Package 1.2A, Probowangi Toll Project Package 1, Tanjung Enim Mining Road Violence Work, Trans Sumatra Toll Project (Bayung Lencir) and Wosusokas Regional SPAM.

The Engineering and Construction business line dominates the contribution of new contracts by 93 percent, the Property and Hospitality business lines by 3 percent and other businesses by 4 percent.

Based on the source of new contract funds originating from the Government, it is 28 percent, investment projects and others are 53 percent, and BUMN and BUMD are 19 percent.

The acquisition of new contracts based on the type of work Roads and Bridges contributed 69 percent. Based on the type of building by 14 percent, the type of water resource infrastructure by 9 percent and others by 8 percent.

ADHI Corporate Secretary Farid Budiyanto said the largest new contract contribution was obtained from the Road and Bridge infrastructure project of 59 percent, 15 percent rail infrastructure, 12 percent building project.

"As well as 8 percent of the water source processing infrastructure, and 6 percent of it comes from other jobs," he quoted a written statement, Wednesday, April 12.

The top 5 projects achieved by ADHI include the Solo-Yogyakarta-YIA Kulonprogo Toll Project Package 1.2A, Malolos-Clark LRT Infrastructure Project in the Philippines, Probowangi Toll Project Package 1, Trans Sumatra (Bayung Lencir) Toll Project, and East Kalimantan Land Development Project IKN.

ADHI Seriously Working on ADHI Environmental-Based Construction also focuses on developing environmentally-based construction businesses, such as Medan Integrated Waste Processing Facilities, RDF (Refuse Derived Fuel) Bantargebang, TPST Denpasar City, SPAM Dumai, SPAM Karian, and others.

"This is a manifestation of ADHI's commitment to implementing ESG principles in infrastructure development," the statement said.