JAKARTA (Yosefardi) – Transportation operator PT Adi Sarana Armada Tbk (ASSA) allocates capital expenditure (capex) of Rp1 trillion for this year, a 25% rise compared to last year’s capex of Rp800 billion.

The capex will be used to purchase 4000-4500 units of new cars and to fund network infrastructure. It targets to boost its fleet to 200,000 units by end of this year.

ASSA then targets its revenue to grow by 25% this year to Rp1.5 trillion, compared to Rp1.2 trillion expected for last year.