The Daya Anagata Nusantara Investment Management Agency (BPI\nDanantara) has provided an update on the LRT City apartment project\nbeing developed by PT Adhi Commuter Properti Tbk (ADCP). The project had\nstalled, causing delays in the handover of units to homeowners.<\/p>\n
Chief Operating Officer of BPI Danantara Dony Oskaria confirmed that\nthe resolution of the issue will be accelerated in September 2026. The\nplan is for Danantara, through Danantara Aset Manajemen (DAM), to inject\nadditional capital to cover the shortfall in construction costs for the\nTransit Oriented Development (TOD)-based housing project through the\nparent company, PT Adhi Karya (Persero) Tbk (ADHI).<\/p>\n
\u201cWhether it takes the form of equity, in which case other\nshareholders will be diluted, or a shareholder loan,\u201d he said when met\nat the DPR RI building in Jakarta on Monday (31\/8\/2026).<\/p>\n
The man who also serves as Head of the State-Owned Enterprises\nSupervisory Board said Danantara will again summon the management of\nADHI. Meanwhile, the capital injection will be decided through a General\nMeeting of Shareholders (RUPS).<\/p>\n
\u201cWe will summon Adhi Karya soon, but it will be conveyed to\ncolleagues that I am preparing their work plan because they are a\npublicly listed company. So every capital injection must have a decision\nfrom their RUPS,\u201d he explained.<\/p>\n
According to him, the housing issue must be resolved as quickly as\npossible to fulfil the rights of consumers. \u201cIt will be settled this\nmonth, and we will submit it to Adhi Karya so that the process for\npublic housing can proceed,\u201d he said.<\/p>\n
He added that the resolution of the stalled project is still being\ndiscussed to find the fastest solution.<\/p>\n
\u201cOf course there will be, what is it called, whether there will be\nunit transfers and so on. We will meet with Adhi Karya in more detail\nthis week. Then after this week we will immediately enter the process of\nproviding assistance to Adhi Karya for the completion of this project,\u201d\nhe said.<\/p>\n
For information, the stalled LRT City apartment project will be\ninjected with funds amounting to Rp456 billion from Danantara so that it\ncan be completed.<\/p>\n
In response, the management of PT Adhi Commuter Properti Tbk (ADCP)\nsaid it is currently discussing the plan for the use of funds with PT\nAdhi Karya (Persero) Tbk (ADHI) as the parent company and Danantara.<\/p>\n
\u201cCurrently, ADCP is still in discussions with ADHI and Danantara\nregarding the use of funds and the priority of projects to be funded,\u201d\nsaid ADCP management in a statement to detikProperti on Sunday\n(30\/8\/2026).<\/p>\n
ADCP assured that the proposal, determination, and use of funds will\nbe carried out in accordance with the principles of Good Corporate\nGovernance (GCG) and applicable governance. The final decision regarding\nthe use of funds will be announced once an agreement is reached.<\/p>\n
\u201cIf a final agreement has been reached, we will convey the\ninformation,\u201d he said.<\/p>\n
Previously, ADCP had revealed the reasons why the construction of the\nLRT City Apartments in Tebet, Ciracas, and Cibubur had stalled. They\nacknowledged that the company was experiencing financial difficulties\nand undergoing restructuring, which caused the project to be\nhampered.<\/p>\n
\u201cThe current condition faced by the Company is influenced by\nliquidity pressures, the implementation of the corporate restructuring\nprocess, as well as various strategic measures to maintain business\ncontinuity,\u201d said Farid Budiyanto, Director of Operations at ADCP, to\ndetikcom on Wednesday (22\/7\/2026).<\/p>\n
They will complete the project in stages according to the company\u2019s\ncapabilities and condition. According to Farid, improvements in the\ncompany\u2019s financial and operational condition are underway. They are\nalso striving to ensure that the handover of units to consumers can be\ncarried out soon.<\/p>\n
ADCP has also apologised for the construction delays. Farid\nemphasised that the project will continue and they are working to\nmaintain open communication with consumers.<\/p>", "url": "https:\/\/jawawa.id\/newsitem\/danantara-to-accelerate-resolution-of-lrt-city-development-problems-next-month-1788177098", "image": "" }, "sponsor": "Okusi Associates", "sponsor_url": "https:\/\/okusiassociates.com" }