JAKARTA - Until Q1 2023, PT Adhi Karya (Persero) Tbk (ADHI) managed to obtain new contracts worth IDR 8.9 trillion in total, dominated by new contracts from roads and bridges projects by 59%.

Farida Budyanto, Corporate Secretary of Adhi Karya, confirmed that new contracts shifted 109% year-on-year (yoy) or compared to Q1 2022's achievement of IDR 4.2 trillion.

The new contracts came in from the Solo-Yogyakarta-YIA Kulonprogo Toll Road Package 1.2A, Probowangi Toll Road Package 1, Tanjung Enim Hauling Road Pavement Project, Trans Sumatra Toll Road (Bayung Lencir), and Regional Water Treatment Facility of Wosusokas.

The engineering and construction segment contributed 93% of the total contracts, followed by the property and hospitality segment of 3%, and others of 4%. Then, 28% of the new contracts were commissioned by government, whereas state-owned enterprises or regional state-owned enterprises commissioned another 29%. The remaining 53% are investment projects and others. (LK/ZH)