Transit-Oriented Development (TOD) has become an increasingly popular urban solution in the face of mobility crises and overcrowded cities. In Indonesia, one of the flagship TOD projects is LRT City, developed by PT Adhi Commuter Properti (ADCP), a subsidiary of the state-owned construction PT Adhi Karya (Persero) Tbk. Yet instead of becoming a catalyst for growth, LRT City now exposes a harsher truth: razor-thin profit margins, liquidity pressures, and looming legal disputes. To subscribe please click here
