Government will launch a private investment fund (PIF) this week to manage the funds owned by state-owned companies (SOEs). There will be a cooperation agreement between PIF shareholders. PIF is formed by PT Bahana Kapital Investa, a subsidiary of PT Bahana Pembinaan Usaha (Persero), along with 27 other state-owned firms. The establishment of the PIF has been agreed in the MOU signed on March 29, 2018, by Bahana Kapital Investa and Danareksa Capital along with 27 other SOEs.

Ministry of Finance estimated Indonesia needs funds of Rp4,796 trillion in 2015-2019 to improve the quality of infrastructures. This year, Indonesian government allocated Rp410.7 trillion in infrastructures spending, up 5.7 per cent from Rp388.3 trillion last year. This fund will be used to build 25 kilometers of toll roads, 865 kilometers of new roads, 8,695 of bridges, and 8 airports.