JAKARTA. PT Adhi Karya (Persero) Tbk (ADHI) has received some of the payment for the LRT Jabodetabek Phase I project, this time amounting to IDR 4.1 trillion.

The payment took place after all tasks of LRT Jabodetabek were concluded, starting from design planning to structure establishment and the construction of stations and supporting facilities.

All in all, the total payment that has been received by ADHI for LRT Jabodetabek is IDR 23.3 trillion. The total contract value secured by the company is actually IDR 25.5 trillion.

“The payment for LRT Jabodetabek project will increase the company’s liquidity and strengthen operational cash flow of ADHI in the future,” the management of ADHI said in the official statement.

As of February 2024, ADHI managed to obtain total new contracts worth IDR 4.8 trillion. The number went 14% yoy higher than February 2023.

The new contracts came from Tambak Udang Sumbawa, Otorita IKN Building, Eka Hospital BSD, Columbia Asia Semarang Surgery Hospital, and SPAM Kamijoro. (KR/ZH)