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toll road

Indonesia's Wealth Fund Signs $2.7 Billion Toll Road Investment

toll road
Indonesia Investment Authority (INA) signed two agreements to invest in toll roads on the islands of Sumatra and Java

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 , for two parts of the Trans Java toll road, she said.

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