Foreign Investors are investing in the Trans Java toll roads that are part of the Trans Java network. Recently, two toll roads, Solo-Ngawi and Ngawi-Kertosono-Kediri, were invested by a Hong Kong firm, Kings Key Limited (KKL). The company is a subsidiary of Road King Expressway International Holdings Limited. KKL is looking to invest in another toll road in the near future.
In September 2019, the Canadian Pension Plan Investment Board made its first Infrastructure investment in Indonesia with the acquisition of a 45% interest in PT Lintas Marga Sedaya (LMS), the concession holder and operator of the Cikopo-Palimanan (Cipali) toll road.
At 117km, the Cipali toll road is one of the longest operational toll roads in Indonesia and a critical link in the transportation network of the island of Java, as part of the Trans Java toll road network. It serves as a thoroughfare within West Java, which is Java’s most populous and fastest growing province. It also connects West Java and suburbs of Jakarta with the rest of Java.
(Sources: Tempo; CPPIB)