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Adhi Karya will work on 7 infrastructure projects

20 February 2020 13:53

JAKARTA - PT Adhi Karya (Persero) Tbk (ADHI) is seeking fresh funds worth Rp 6 trillion to build seven toll road infrastructure projects, clean water supply, and waste treatment. The funding scheme prepared for the plan is to propose public capital obligations and a rights issue.

In the company's disclosure on Thursday (20/2), Adhi Karya is currently submitting a PSO request in the amount of Rp 3 trillion for fiscal year 202i and approximately Rp 2.9 trillion comes from the rights issue. These two financing schemes are expected to increase company equity and maintain government share ownership.

These projects are investment plans for the next five years (2020-2024). Some of these projects are, the Solo-Yogyakarta Toll Road, the Solo-Bawean Toll Road, the 6 lane Inner Jakarta Toll Road, the JORR Elevated Toll Road, the Jakarta Loop Line Railway Infrastructure, the Procurement of clean water from the Karian Dam for West Jakarta and South Tangerang and Waste Management. (LK)

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