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Tuesday, 23 January 2018 | 21:20
KPK: Setya Novanto Admits Guilt by being Justice Collaborator KPK Deputy Chairman is still unsure whether Setya Novanto`s
proposal in being a justice collaborator will be accepted by
KPK.
Tuesday, 23 January 2018 | 20:48
Viral BMKG Letter of a 7.5 Magnitude Earthquake is a Hoax BMKG warned the public that the viral message of an impending
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Adhi Karya Earmarks Rp7tn for Jakarta LRT Project
Adhi Karya to invest in LRT
Monday, 09 January, 2017 | 07:32 WIB
Adhi Karya Earmarks Rp7tn for Jakarta LRT Project

TEMPO.CO, Jakarta - State-owned construction company PT Adhi Karya Tbk needs roughly Rp7 trillion until the end of 2017 for light rail transit (LRT) project.

Adhi Karya president director Budiharto said that the company is aiming to complete the construction of LRT routes covering Jakarta-Bogor-Depok-Bekasi (Greater Jakarta, locally known as Jabodetabek) by 35-40 percent in the first phase of construction until year-end, from the starting point at Bogor’s Cibubur to downtown Jakarta.

The company had planned to issue bonds worth Rp2 trillion in the first half of 2017. The shortfall will be covered by state-owned bank loans and the state budget (APBN).

Adhi Karya had raised Rp2.5 trillion through Rp1.5 trillion rights issue and the company’s cash reserves for the first phase of construction of Jabodetabek LRT routes.

The government has commissioned Adhi Karya to work on the LRT project, which includes construction of three routes: 14.5-km long Cibubur-Cawang route, which is 17 percent complete, 17.1-km long East Bekasi-Cawang route, which is 12 percent complete and 10.5-km long Cawang-Dukuh Atas route, which is 2 percent complete.

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