The Indonesia Investment Authority (INA) has launched Indonesia’s first infrastructure investment platform. The platform is estimated to have an investment pool of approximately USD3.75 billion. Caisse de dépôt et placement du Québec (CDPQ), APG Asset Management (APG), and an Abu Dhabi Investment Authority’s (ADIA) fully owned subsidiary are among the other investors involved. The platform will consider investing in toll road assets in Indonesia. They will examine a set of initial toll road investments over the following six months, which will serve as the operating framework for the new investment platform.
INA was established in February 2021 with a USD1.1 billion funding from the Government of Indonesia’s 2020 budget and USD5.4 billion from the 2021 budget. It is expected to assist domestic and international investors in generating finance for development projects, particularly domestic infrastructure projects.