State toll road operator Jasa Marga (JSMR) registered the Infrastructure Investment Fund (DINFRA) Toll Road Mandiri worth of Rp423.5 billion on the Indonesia Stock Exchange (IDX) on Monday (April 15). This year, the state-owned toll operator targeting to managed funds up to Rp1 trillion from the new instrument.
DINFRA is a vehicle in the form of collective investment contract that used to gather funds from the investing public used mainly for investment in infrastructure assets. These investment products are intended to provide a funding alternative for construction of infrastructure in Indonesia through securitization of infrastructure assets, and at the same time to provide an alternative investment product for investors.
In this publication, Jasa Marga and Mandiri Investment Manager offered DINFRA through public offerings that can reach retail and institutional investors. The company CEO Desi Arryani stated that DINFRA’ underlying assets are the 13.61 kilometers Gempol – Pandaan toll road segment, managed by PT Jasamarga Pandaan Tol.