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-