Jakarta - PT Adhi Karya Tbk received the 8th payment for the Jabodetabek LRT project phase I worth Rp520.5 billion (including tax) from the government through PT KAI.

"This payment is made based on the progress of the work from July to September 2020," said ADHI Corporate Secretary Farid Budiyanto through a press release on Wednesday (18/8).

Overall, ADHI has received payments for constructing the Jabodetabek LRT infrastructure worth Rp13.8 trillion (including taxes). This payment will increase liquidity and strengthen ADHI's operating cash flow, supporting the completion of the Jabodebek LRT Phase I construction.

"In the future ADHI will continue to make efforts to accelerate payments, especially from large projects to maintain ADHI's financial posture is getting better and stronger," he added.

As of early August 2021, the implementation of Phase I of the Jabodebek LRT infrastructure development has reached 86.57%.