APG today announced an investment in the Trans Java Toll Road sections of Kanci-Pejagan and Pejagan-Pemalang. It will make the investment alongside a wholly-owned subsidiary of the Abu Dhabi Investment Authority (ADIA) and the Indonesia Investment Authority (INA).
The investment in the Trans Java Toll Road sections of Kanci-Pejagan and Pejagan-Pemalang are the initial seed assets for Indonesia’s first toll road investment platform. To establish this platform, a Memorandum of Understanding was signed in May 2021.
Hans-Martin Aerts, Head of Infrastructure & Natural Resources at APG Asset Management Asia-Pacific:
“Infrastructure remains a foundational need for supporting the region’s economic growth and delivers stable, risk-adjusted returns for the benefit of APG’s pension fund clients and their participants. With this investment, we aim to help communities unlock economic value by providing connectivity between developing rural and urban regions through quality infrastructure. We look forward to working with our partners to support Indonesia’s infrastructure improvements as its economy continues to undertake a transformative journey.”
INA is Indonesia’s sovereign wealth fund mandated to increase investment to support the country’s sustainable development and build wealth for its future generations. ADIA is the investment institution that invests funds on behalf of the Government of Abu Dhabi.