Jabodebek LRT Debt Worth IDR 2.2 Trillion To Adhi Karya Will Be Paid By KAI

Illustration: Photo: Doc. ANTARA

JAKARTA - The Jabodebek Light Rail Transit (LRT) development leaves a debt to PT Adhi Karya (Persero) Tbk of IDR 2.2 trillion.

The plan is that the debt will be paid by PT Kereta Api Indonesia (Persero) or KAI as the manager of the Jabodebek LRT.

Director Adhi Karya Entus Asnawi said the government's receivables were still in process.

Even so, he admitted that he had received confirmation from the Ministry of Finance regarding the payment of the Jabodebek LRT receivables which would be made in full by KAI.

"The current process we have received confirmation from the Ministry of Finance that the payment will be carried out through KAI. Either with a payment scheme or a subsidy scheme to the KAI. KAI will later go to Adhi Karya to pay in full," he said at a virtual Public Expose Live event, Monday, September 8.

Entus admitted that he was still waiting for a study to get the commercial figures for paying the debt.

The disbursement of the receivable will help the company to complete a number of obligations.

"If the benefits are of course very beneficial if it can be disbursed. At least we can complete some of the obligations that exist in Adhi Karya," he said.

Even so, Entus admitted that since 2024, the company has debts to suppliers of approximately IDR 4 trillion and debts to banks are around IDR 2.4 trillion.

"So it's quite good. If this (LRT Jabodebek receivables) is liquid, it can go down even more. This is part of the working capital that we will use in the future. There are also several other projects that have large receivables that we are currently processing for disbursement," he said.

Entus said the construction of the first phase of the Jabodebek LRT along 44 km was originally funded by the government.

Then, changes to Presidential Regulation (Perpres) Number 98 of 2015 where funds amounting to Rp. 23.3 trillion were given through PMN from the total contract value of Rp. 25.5 trillion.

"Until the completion of this work, we have spent Rp. 25.5 and we have been paid Rp. 23.3, so that there is still Rp. 2.2 trillion left," he said.

Sementara itu, Direktur Keuangan Adhi Karya, Bani Iqbal Menargetkan penyelesaian piutang yang melibatkan pemerintah tersebut dapat rampung pada akhir tahun ini.

Bani mengakui piutang terbesar persebaran berasal dari proyek pembangunan LRT Jabodebek.

“Piutang terbesar saat ini adalah piutang dari LRT yang masih dalam proses diskusi dengan KAI, Kemenkeu, dan juga Danantara untuk penyelesaiannya. Targetnya bisa selesai secepat-cepatnya akhir tahun ini,” ucap Bani.

Meanwhile, Finance Director Adhi Karya, Bani Iqbal targets the settlement of the receivables involving the government to be completed by the end of this year.

Bani admitted that the largest debt for the distribution came from the Jabodebek LRT development project.

The largest debt currently is receivables from the LRT which are still in the process of being discussed with KAI, the Ministry of Finance, and also the Danantara for completion. The target can be completed as soon as the end of this year," said Bani.