Adia and APG invest in Indonesian infrastructure: The Abu Dhabi Investment Authority (Adia) and Dutch pension fund APG are investing USD 1.4 bn in Indonesia’s Medan-Binjai and Bakauheni-Terbanggi Besar toll sections of the Trans Sumatra Toll Road, as part of their USD 2.75 bn investment strategy with the Indonesia Investment Authority (INA), Reuters reports.

Details: The Medan-Binjai section runs through the capital of north Sumatra, while Bakauheni-Terbanggi Besar serves as a link between the islands of Java and Sumatra. The toll sections aim to improve regional connectivity and reduce travel times.

Background: In January, ADIA and APG made their initial investments as part of the USD 2.75 bn strategy in toll roads in Indonesia through an investment platform established in 2021 in collaboration with the INA. The investment platform has some USD 3.75 bn in investment capacity.

Tags: