Jakarta, Indonesia May 31 2017 – State-owned construction company PT Adhi Karya has reported that construction of the Jakarta LRT has reached 15 per cent. The company has been contracted to complete the project by 2019.
‘We have invested some 3.5 trillion rupiah ($262 million). We have started the construction of a section from Cawang in East Jakarta to Dukuh Atas in Central Jakarta’ said Adhi Karya director Budi Harto.
State-owned Bank Mandiri has prepared Rp 4 trillion (US$300 million) in loans to finance the light rail transit (LRT) project, connecting Jakarta and the three West Java cities of Bogor, Depok and Bekasi.
‘Each bank would contribute between Rp 2 trillion ($150 million) and Rp 5 trillion ($375 million). Bank Mandiri has prepared Rp 4 trillion’ said Bank Mandiri president director Kartika Wirjoatmodjo.
Other state lenders that will take part in financing the LRT are Bank Negara Indonesia (BNI), Bank Rakyat Indonesia (BRI) and financial institution PT Sarana Multi Infrastruktur (SMI).