"Foreign investors, who have been frequently invited to talk until now and have collaborated with INA or have shown interest, are those from the Government to Government relationship, which we may have often heard, namely from the United Arab Emirates (UAE) US$10 billion, then from the Japan Bank for International Cooperation (JBIC) US$4 billion, and the United States International Development Finance Corporation (DFC) US$2 billion," INA chief risk officer Marita Alisjahbana said at an online seminar during the 2021 Investor Daily Summit, originating from here on Tuesday.
There are also global financial investors and foreign corporations that are looking to invest in Indonesia, while domestic players who have evinced such an interest include BPJS Employment, Taspen and others, she added.
INA has signed a memorandum of understanding (MoU) with three foreign investors for the toll road platform, she informed.
"There has been a signing of an MoU in which INA has succeeded in inviting three foreign investors, namely the Abu Dhabi Investment Authority (ADIA) of the United Arab Emirates, APG Asset Management (APG) of the Netherlands, and Caisse de dépôt et placement du Québec (CDPQ) Canada for the toll road platform, (which will require an investment of) as much as US$3.75 billion," she elaborated.
Of the US$3.75 billion, US$750 million will be invested by INA, while each of the foreign investor partners will provide US$1 billion each, she disclosed.
"After the signing of the MoU, the next step is to carry out due diligence so that the transaction can be completed," she said.
Earlier, Deputy Minister of SOEs, Kartika Wirjoatmodjo, said the government is targeting investment opportunities in three infrastructure sectors -- toll roads, seaports, and airports -- through INA.
She cited the Trans Java and Trans Sumatra toll road projects as examples. The two toll road projects are operated by three main state-owned toll road operators: PT Waskita Karya, PT Jasa Marga, and PT Hutama Karya.
The government and INA are currently discussing the first 24 lists of toll road concessions with an equity opportunity of around Rp34 trillion, she said.
Meanwhile, four projects are in the pipeline, namely the Belawan Container Port in Medan, CT2 and CT3 in Kalibaru, Jakarta, Teluk Lamong in Surabaya, and the New Port of Makassar, she added.
The government is also collaborating with INA, also known as the Sovereign Wealth Fund (SWF), to bring in new partners for the development of several airports, she said.
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