Jakarta - PT Adhi Karya Tbk (ADHI) has carried out final financing or financial close of Rp420 billion from the procurement of a government cooperation project with Sharia Business Entities – Sharia PPPs for the preservation of the East-Jalintim Sumatra Road in Riau Province.

"This project is a Sharia PPP project with the first availability payment (AP) scheme that has made a financial close," said Director of PT Adhi Jalintim Riau Pulung Prahasto in his statement on Wednesday (27/10).

This Sharia PPP project is a non-toll road project for the Riau segment with a solicited scheme or initiated by the government, namely through the Ministry of Work as the project owner.

ADHI as the winner of the Jalintim Riau PPP project tender established AJR, which served as the implementing business entity.

"AJR is responsible for carrying out the process of construction and operation/maintenance of roads and bridges to fulfill services t