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Indonesia launches infrastructure investment fund: SOE ministry
[JAKARTA] Indonesia's state-owned enterprise ministry said on Thursday it has launched an infrastructure fund, PT Bandha Investasi Indonesia, to target assets of 1.8 trillion rupiah (S$172.4 million) in "several years".
"The aim of the fund would be to finance 4 trillion rupiah worth of infrastructure projects currently in the pipeline," director of PT Bandha Investasi Anneta Hasan told Reuters.
The new private investment company would be formed as a sub-unit of PT Bahana Pembinaan Usaha Indonesia (Persero) and Danareksa Capital, the ministry said.