Canadian, Dutch and UAE Players to Establish Indonesia’s First Infrastructure Investment Platform

Jun 2021

In May 2021 it was announced that Indonesia Investment Authority (INA), Caisse de dépôt et placement du Québec (CDPQ), APG Asset Management (APG), and a wholly-owned subsidiary of the Abu Dhabi Investment Authority (ADIA) signed an agreement to establish Indonesia’s first infrastructure-focused investment platform.

According to the agreement, INA will explore opportunities for joint investments in collaboration with Canada’s CDPQ, Netherlands’ APG and UAE’s ADIA in Indonesian toll-road assets. The new investment platform will be the consortium members’ primary vehicle for toll road investments in Indonesia. The platform is envisioned to have an investment capacity of up to approximately USD 3.75 billion.

INA together with its partners declared to be aiming at generating optimal returns to investors while bringing economic benefits to Indonesia, improving the toll road ecosystem. The Authority has been entrusted with IDR 15 trillion (approximately USD 1 billion) to be followed by an additional injection of IDR 60 trillion (approximately USD 4 billion) later in 2021.

(Source: CDPQ – Caisse de dépôt et placement du Québec)