In line with the progress in the light rail transit (LRT) project, state construction company Adhi Karya (ADHI) has used the majority of funds that were assembled through the company’s rights issue. It has spent Rp2.4 trillion – or about 88% of rights issue proceeds. 

ADHI allotted all proceeds from the rights issue to the LRT project in the Greater Jakarta region (Jakarta-Bogor-Depok-Tangerang-Bekasi). The project is a transit-oriented development (TOD) project, meaning that it is a type of urban development that maximizes the amount of residential, business and leisure space within walking distance of the LRT. The project aims at reducing severe traffic congestion in the Greater Jakarta area.