Adhi Karya Targets Railway Project In Philippines, Target Can Be Done In 2022

Illustration. (Photo: Unsplash)

JAKARTA - PT Adhi Karya (Persero) Tbk is not only targeting the domestic construction market. The red-plate company will also focus on the overseas construction market. One of the projects being shot was a railway in the Philippines.

Operational Director 2 Adhi Karya, Pundjung Setya Brata said the overseas market will adjust to the company's long-term strategy. The company's long-term strategy is in the construction of railway construction.

"Adhi Karya has now been crowned as a champion in railway engineering constructions. So for the overseas market even from its products that we will pursue also from the side of railway engineering constructions," he said in a virtual press conference, Tuesday, May 25.

Related to the region or geography of the overseas construction market that will be targeted by Adhi Karya, said Pundjung, is a market in the ASEAN region or Southeast Asia.

"Mainly, there are many railway projects in the Philippines, currently we will follow 6 packages of railway commuter line work in the Philippines, namely Calamba Extension where there are six packages and tenders this year in the hope that next year we will get at least one railway contract in the Philippines in 2022," he said.

It is known, until April 2020, adhi-coded state-owned enterprises recorded a new contract acquisition of Rp3.6 trillion outside of tax. Contributions per line of business to the acquisition of new contracts in April 2021, covering construction and energy business lines by 89 percent.

Not only that, ADHI also obtained a contract in the property sector of 10 percent and the rest is another line of business. As for the type of work, the acquisition of new contracts consists of building projects by 29 percent, roads and bridges by 29 percent, as well as other infrastructure projects such as dam construction, airports, railways, and EPC projects by 42 percent.

Meanwhile, based on the segmentation of funding sources, the realization of new contracts from the government is 70 percent, state-owned enterprises by 22 percent, while private/other by 8 percent.