Indonesia's wealth fund signs $2.7 billion toll road investment agreements

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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 constructi

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 , President Joko Widodo said.

The Indonesia Investment Authority signed a heads of agreement with state construction firm Hutama Karya to invest in three parts of the Trans Sumatra toll road, Finance Minister Sri Mulyani Indrawati said. INA also signed a confirmation on the start of a transaction with Waskita Toll Road, a unit of Waskita Karya , for two parts of the Trans Java toll road, she said.

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