JAKARTA -- The Indonesia Investment Authority, a sovereign wealth fund, has signed its first concrete investment pacts, agreeing to provide around 39 trillion rupiah ($2.7 billion) for toll roads on the islands of Java and Sumatra.
The deals are with Hutama Karya, the Indonesian state-owned construction company that is building the Trans-Sumatra toll road, and Waskita Toll Road, which is developing the Trans-Java toll road and is a subsidiary of another state builder, Waskita Karya.
