Indonesia wealth fund agrees to invest $2.7bn in toll roads

Landmark agreements to pump fresh capital into debt-ridden state builders

20220414 Indonesia's Presdiential Office

Indonesia's sovereign wealth fund is investing in two ambitious toll roads on the islands of Java and Sumatra. (Photo courtesy of Indonesia's presidential office)

ERWIDA MAULIA and ISMI DAMAYANTI, Nikkei staff writers

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.

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