Saturday, July 27, 2024

Adhi Karya seeks capital injection of Rp2.1 trillion to expedite two toll road projects

Reading Time: < 1 minute
Audina Nur

Journalist

Editor

Interview

PT Adhi Karya (ADHI) seeks state capital injection (PMN) amounting to Rp2.1 trillion for the fiscal year 2025 to support the development of two sections of the Trans-Java Toll Road (JTT).

“The capital injection is for the construction of the Yogyakarta-Bawen Toll Road and the Solo-Yogyakarta Toll Road, amounted to Rp2.1 trillion,” Minister of State-Owned Enterprises (SOEs) Erick Thohir said during a hearing with the House of Representatives’ Commission VI on March 20, 2024.

ADHI is one of the winners of the tender for the construction of the Yogyakarta-Bawen Toll Road as stated in the Toll Road Development Agreement (PPJT) Number: 01/PPJ/BPJT/2020. The Yogyakarta – Bawen toll road section has a total length of 75.12 kilometers and will pass through two provinces, Central Java Province covering 66.32 kilometers and Yogyakarta covering 8.80 kilometers.

The Yogyakarta-Bawen Toll Road consists of six sections: Section 1 of Yogyakarta-Banyurejo spanning 8.8 km, Section 2 of Banyurejo-Borobudur spanning 15.2 km, and Section 3 of Borobudur-Magelang spanning 8.1 km. Then, Section 4 of Magelang-Temanggung spanning 16.6 km, Section 5 of Temanggung-Ambarawa spanning 21.2 km, and Section 6 of Ambarawa-Bawen spanning 5.12 km. Adhi Karya specifically handles the construction process for Package 1 consisting of Sections 1 and 6.

Earlier, Minister of Public Works and Housing Basuki Hadimuljono instructed toll road business entities to formulate acceleration strategies so that the completion of the Yogyakarta-Bawen Toll Road can be expedited. Basuki specifically asked that the Sleman-Banyurejo Section 1 to be completed by the first quarter of 2025, with a physical progress target of 85 percent by the end of this year.

“I request that by the beginning of 2025, 85 percent of physical progress should be achieved, and by early 2025, the Banyurejo section should be completed,” Basuki said.

Audina Nur

Journalist

 

Editor

 

Interview

SUBSCRIBE NOW
We will provide you with an invoice for your reimbursable expenses.

Free

New to Indonesian market? Read our free articles before subscribing to the premium plan. If you already run your business in Indonesia, make sure to subscribe to the premium subscription so you won’t miss any intelligence & business opportunities.

Premium

$550 USD/Year

or

$45 USD/Month

Cancelation: you can cancel your subscription at any time, by sending us an email inquiry@ibp-media.com

Add keywords to your market watch and receive notification:
No topics
Schedule a free consultation with us:

We’ll contact you for confirmation.

FURTHER READING

NITG Inc., a leader in developing cutting-edge cryptocurrency quantitative AI technology, is set to expand its operations to Indonesia, marking its first major move into the Asian market.
The Coordinating Ministry for the Economy reveals that there are soix new investors lining up to invest in the construction of a data center in Indonesia located in the Nongsa Digital Park, Special Economic Zone (SEZ), Riau Islands province.
The Ministry of Public Works and Housing (PUPR) has commenced the construction of the Rp4.15 trillion (Rp256 million) Jenelata Dam in Gowa, South Sulawesi, aimed at optimizing flood control in Makassar.
Oil and gas service provider PT Elnusa, which is a subsidiary of State oil and gas company Pertamina, is planning to venture into the new business of LNG (liquefied natural gas) regasification transport.
State-owned construction and investment company PT Pembangunan Perumahan (PP) is set to undertake a significant energy sector project valued at approximately Rp2 trillion (US$123.4 million).
PT Perusahaan Gas Negara (PGN), a gas subholding of State energy company PT Pertamina, is working on several strategic gas pipeline projects, including the Cisem Phase II project in which PGN will synergize with the government to distribute gas from East Java to West Java.