HomeNewsVideos

ADHI secures the Semarang-Demak tollway project worth IDR 2.1 trillion

31 January 2022 07:25

JAKARTA. PT Adhi Karya Tbk (ADHI) won the tender of the Semarang-Demak toll road development project 1C worth IDR 2.1 trillion. ADHI is set to complete 40% of the project.

PT Adhi Karya Tbk will work on the tollway project in a joint operation with Sinohydro Corporation Limited. The project will last for 880 days and include the construction of Terboyo and Sriwulan retention ponds, Sriwulan inlet channel of 1,500 m, and Terboyo and Sriwulan pumphouses.

“The secured Semarang-Demak tollway project contract is a good start to new contract procurement in 2022,” the company wrote in an official statement.

In 2021, PT Adhi Karya Tbk secured new contracts worth IDR 15.2 trillion (excluding tax), generated from the engineering and construction business unit of 90%, the property sector of 9%, and other business lines. (AM/ZH)

© 2024 - IDN Financials - All Rights Reserved.