Dutch and Abu Dhabi pension funds target Trans Sumatra toll road

Bisnis.comNUSA DUA – The Ministry of State Enterprises (BUMN) says foreign pension fund managers are considering acquiring assets on the toll road Trans Sumatra of PT Hutama Karya (Persero) who will come out in action recycle assets.

BUMN II Deputy Minister Kartika Wirjoatmodjo said the investment potential of foreign pension funds is still considered very high. The portfolio of infrastructure projects in the country is considered attractive to offer for pension funds foreign.

“The Netherlands and Abu Dhabi pension funds want to buy the HK toll road on Trans Sumatra, again technical due diligencehopefully by the end of the year,” Kartika said on the sidelines of the State-Owned Enterprises (SOE) International Conference 2022, Tuesday, 10/18/2022.

Kartika explained that projects in the domestic real sector such as telecommunications infrastructure, data centers, airports and toll roads are considered very attractive to be offered to foreign pension fund managers.

Indeed, infrastructure projects offer long-term returns that will be attractive to pension fund managers. In general, infrastructure projects will be very attractive for the next 10 to 20 years.

The Ministry of Public Enterprises, Kartika continued, continues to push for investment funds that will be used to pursue further infrastructure developments by divesting assets that have worked to foreign pension fund managers.

“This is the first time that we rack our brains on how to get more money to invest more by recycling assets. Abroad, there are many pension funds whose money seeks assets “, did he declare.

As reported earlier, Hutama Karya will soon release the assets of 3 toll road sections that were operating in Sumatra by the end of this year. From the corporate action, the company will pocket Rs 34 trillion in fresh funds.

Chairman and CEO of Hutama Karya Budi Harto said his party would release Bakauheni-Terbanggi toll road, Terbanggi Besar-Pematang Panggang-Kayu Agung toll road and Medan-Binjai toll road.

Budi said the toll road has been in operation for about 3 years, so the traffic volume on the three sections is considered attractive to attract new investors.

Meanwhile, efforts recycle assets This will be done in collaboration with the Indonesia Investment Authority (INA) which has formed a consortium with pension fund managers from the Netherlands and Canada.

“So HK has HOA [head of agreement] with the INA for recycle assets The 3 segments Bakauheni-Terbanggi Besar-Kayu Agung, Medan-Binjai are 350 km with an estimate of Rs 34 trillion,” he said.

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