Danantara ensures LRT City project will proceed

Danantara Indonesia has ensured that the LRT City project, developed by PT Adhi Commuter Properti Tbk (ADCP), will proceed with a redesign of its architecture and business model to accelerate its completion.

“First and foremost, the decision is that we will continue this project. We will hire new architects to undertake the process. The facade will be changed, as will the capital business design, including the commercial areas,” stated the Head of BP BUMN and COO of Danantara, Dony Oskaria, in an official statement confirmed from Jakarta on Tuesday.

From a business perspective, the project is considered to still hold significant potential due to the presence of valuable land assets situated in a strategic location.

Consequently, the project restructuring is directed not only towards completing construction but also towards ensuring its long-term sustainability and commercial feasibility.

Beyond the business aspects, the completion of the LRT City project is also part of an effort to provide certainty to members of the public who have purchased units and are awaiting the completion of their residences.

Danantara is encouraging the construction process to resume with more directed management, paying close attention to the quality of the project’s completion.

Dony emphasised that the decision to continue the project is not based solely on commercial considerations, but also takes into account the responsibility towards consumers.

“I hope our decision is a good one. This is a decision that is not merely commercial. Therefore, the first steps are to immediately find the right people,” said Dony.

Through this decision, Danantara is directing the completion of LRT City to be oriented not only towards commercial aspects but also to ensure the project can proceed effectively and provide certainty for consumers who have been waiting for their homes to be completed.