JAKARTA. PT Adhi Karya (Persero) Tbk (ADHI) has obtained a credit facility worth IDR 1.35 trillion from PT Bank Mandiri (Persero) Tbk (BMRI).

This credit facility marks ADHI’s strategic measure in improving financial structure of the company and swift operation of several strategic projects under progress.

“This funding is expected to provide significant contribution to the company’s business growth and sustainability,” said the management of ADHI in the official release.

In addition, the management of ADHI also sees this credit as a positive signal for the company as it still gains the trust of banking institution amidst concerning sentiment towards construction industry.

“It proves that ADHI can be a trusted partner through its satisfactory business performance,”

Recently, ADHI announced that its new contracts, until June 2024, has reached IDR 10.2 trillion. Approximately 50% of them came from building projects, followed by water resource project with 32%, and the remaining projects came from road, bridge, property and manufacture constructions. (KR/ZH)