Jakarta – PT Adhi Karya (persero) Tbk (ADHI) is seeking private sector funding to advance construction of the Phase II Lightโ Railโ Transit (LRT) project connecting Cibubur and Bogor. This move follows the triumphant completion and operation of the Jabodebek Phase I LRT, currently servingโ routes between Cawang-Cibubur, Cawang-Dukuh atas, and East Cawang-Bekasi.
According to Adhi Karya President Director Entus asnawi,discussions are underway with the Directorate General of Railwaysโ at the Ministry โขof Transportation (Kemenhub) and โขPT Kereta Api Indonesiaโ (KAI) to secure theโ necessary capital. The Jabodebek Phase II LRT project is authorized under Presidential Regulation (Perpres) Number 98 of 2015.”As this is a โPerpres,โ we have also discussed with the Director General of Railways. We are jointly looking for funding โsolutions for the construction of the second phase, involving funds outside โคthe government to work โขtogether with KAI,” โฃEntus stated during a virtual publicโ expose onโข Monday (September 8, 2025).
Adhi Karya was assigned the construction of โthe Jabodebek LRT in two phases throughโ the aforementioned Perpres. Currently, 44 km of the LRT โis operational, representing a project value of Rp 25.5 trillion. However, the company has only received Rp 23.3 trillion in state Capital โParticipation (PMN) โfor Phase I, leaving a Rp 2.2 trillion balance owed by the government.
“The first stage of โ44 kilometers that we have built โand operate at this time is Rp 23.3 trillion. But at that time there was still a lack of funds,” entus explained.
Adhi Karya Finance Director Bani Iqbal anticipates resolving the outstanding government receivables relatedโ to the Jabodebek LRT project by the endโฃ of the year,acknowledging that these receivables constitute the company’sโ largest outstanding balance.”The biggest receivables at this time are from the LRT, which is still in the process of discussion with KAI,โ Ministry of Finance,โฃ and also and โbetween them for its completion. the target can be completed as soon as possible later this year,” Bani said.