Indonesian state firms planning to securitise infrastructure projects

Jakarta

INDONESIAN state firms are courting foreign pension funds by offering a share in future revenue from toll roads, power stations and other infrastructure projects as part of a presidential drive to secure US$10 billion in additional inflows.

The state budget is not enough to fund President Joko Widodo's ambitious plan to expand infrastructure in South-east Asia's biggest economy, a sprawling archipelago where the costs of moving goods around are among Asia's highest.