Jakarta - PT Adhi Karya Tbk (ADHI) has received guaranteed funding through a syndicated loan provided to the managing body, PT Jogja Solo Marga Makmur, worth Rp9.89 trillion.

PT JMM is the toll road management business entity. The syndicated creditors support this syndicated credit facility, consisting of Bank Mandiri, BNI, BRI, and BCA as the Joint Mandated Lead Arranger & Bookrunner –JMLAB, together with infrastructure financing institution PT Sarana Multi Infrastruktur – SMI, and nine banks other.

Funding from this syndicated loan will be used to finance the implementation of the 49.25 km phase I development. This toll road will later connect the two provinces between Central Java and Yogyakarta.

Phase I of the construction of this toll road consists of Section 1.1 Kartasura-Klaten for 22.3 km, Section 1.2 Klaten-Purwomartani 20.08 km, then a part of Section 2.1 Purwomartani-Maguwoharjo for 3.63 km and part of Section 2