APG, ADIA invest in Indonesian road infrastructure
Asset owners APG and ADIA are partnering with Indonesia's sovereign wealth fund to invest in the country's toll roads, with the aim of improving connectivity and inclusive growth across the developing nation.
APG Asset Management, which oversees €517 billion ($567 billion) in assets for Dutch pension funds, is leveraging its extensive infrastructure expertise to invest in the Trans Java Toll Road alongside the Indonesia Investment Authority (INA).
"Given the long concession lives of 30-50 years and inflation-protected revenues, Indonesian toll roads allow our pension fund clients to match their long-term liabilities," ChinChan Lim, APG senior portfolio manager of infrastructure investm…
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