JAKARTA (Yosefardi) – State construction firm PT Adhi Karya Tbk (ADHI) mulls to seek loan of Rp5-7 trillion from China Development Bank (CDB), used to fund its light rapid transit (LRT) project in Jakarta, Bogor, Depok, Tangerang, and Bekasi (Jabodetabek).
LRT project costs Rp9.9 trillion. ADHI also plans to raise Rp2.7 trillion from rights issue. The construction of LRT is scheduled for the second half of this year. ADHI will construct 65 km monorail; Bekasi Timur-Cawang, Cibubur-Cawang-Kota, and Palmerah-Pluit. ADHI will also contruct monorail in Soekarno-Hatta airport.
ADHI targets to book new contracts of Rp8.2 trillion the second quarter of 2015. For this year, it targets Rp15.2 trillion new contracts. It had booked Rp2.5 new contracts in the first quarter.