KONTAN.CO.ID - JAKARTA. Indonesia's sovereign wealth fund on Thursday signed two agreements to invest in toll roads on the islands of Sumatra and Java worth more than 39 trillion rupiah ($2.72 billion), President Joko Widodo said. The Indonesia Investment Authority (INA) signed a heads of agreement with state construction firm Hutama Karya to invest in three parts of the Trans Sumatra toll road, said Finance Minister Sri Mulyani Indrawati, who also attended the signing ceremony in Jakarta. INA also signed a confirmation on the start of a transaction with Waskita Toll Road, a unit of another state-owned construction firm, Waskita Karya
The signings are INA's first concrete steps since forming a toll road fund last year of up to $3.75 billion, with Caisse de dépôt et placement du Québec (CDPQ), APG Asset Management (APG) and a unit of the Abu Dhabi Investment Authority (ADIA) as co-investors. The signings and INA's good governance would create greater trust in infrastructure financing in Southeast Asia's largest economy, from both domestic and international investors, Jokowi, as the president is popularly known, said. Baca Juga: South Korea's Central Bank Unexpectedly Raises Rates as Prices Surge