The Abu Dhabi Investment Authority (ADIA) and Dutch pension fund APG have partnered with the sovereign wealth fund of Indonesia (INA) and are investing USD1.4 billion in Trans Sumatra Toll Road, Indonesia. This project includes the Medan-Binjai and Bakauheni-Terbanggi Besar sections, vital connections for economic hubs like Medan and important island linkages in Sumatra.
This investment marks a continuation of ADIA and APG’s partnership with INA, which started in 2021. The collaboration aligns with INA’s goal of enhancing Indonesia’s toll infrastructure with a broader investment target of USD2.75 billion across various projects.