Adhi Karya gets $60m project

JAKARTA: State-owned construction company PT Adhi Karya announced on Friday that it had received a contract worth some US$60 million to construct Sheraton Batam Hotel & Tower.

In its report to the Jakarta Stock Exchange on Friday, the company said the contract would include physical works, such constructing the structure of the building, setting up electrical and mechanical systems, designing the blueprint, and providing furniture and other supporting equipment.

The company said the construction will take about 24 months, starting on Oct. 6 -- JP