Key insights and market outlook
PT Adhi Karya (Persero) Tbk (ADHI) states that there is no agreement yet on the demolition plan and compensation for monorel poles owned by the company. The poles, located on Jalan Rasuna Said and Asia Afrika, are considered Adhi Karya's assets based on a court ruling in 2012 and legal opinion from 2017. The company is currently in ongoing discussions with DKI Jakarta Provincial Government regarding the matter.
PT Adhi Karya (Persero) Tbk (ADHI) has confirmed that there is currently no final agreement regarding the planned demolition of monorel poles located on Jalan Rasuna Said and Asia Afrika. According to Adhi Karya's Corporate Secretary, Rozi Sparta, the company is still in active negotiations with the DKI Jakarta Provincial Government about the matter.
The monorel poles in question are considered Adhi Karya's assets based on two key legal documents: a court ruling (Putusan Pengadilan 296/Pdt.G/2012/PN.JKT.Sel) dated October 22, 2012, and a legal opinion (No. B.354/G/Gph.1/08/2017) from the State Attorney's Office dated August 16, 2017. These documents legally establish Adhi Karya's ownership of the poles.
The DKI Jakarta Provincial Government had planned to begin demolishing the monorel poles starting Wednesday of the following week. However, Adhi Karya emphasizes that any decision regarding the poles must be made with their involvement, as they are the rightful owners of the assets. The company remains committed to finding a resolution through ongoing discussions with the government.
Monorel Pole Demolition Plan Discussion
Asset Ownership Dispute