Clifford Chance and ABNR are advising pension investor APG Asset Management on its investment in a $2.75 billion Indonesia toll road investment platform, which is being represented by Hiswara Bunjamin & Tandjung and Herbert Smith Freehills.

Two other co-investors, Indonesia Investment Authority and Abu Dhabi Investment Authority, are being represented by Allen & Overy association firm Ginting & Reksodiputro and Linklaters, respectively. 

In 2023, Indonesia's sovereign wealth fund signed two agreements to invest in toll roads on the islands of Sumatra and Java, Reuters reported.

The investments in the Kanci-Pejagan and Pejagan-Pemalang toll road sections is expected to boost Indonesia's regional connectivity and economic development, according to a statement from Clifford Chance.

The Clifford Chance team is led by partner Melissa Ng, with support from partner Bryan Koo.

The HBT/HSF team is led by partners Matthew Goerke, Glynn Cooper and Dhani Maulana M Pattinggi, with support from partners Adrian Cheng, Salonika Kataria, Adelaide Luke, Randitya Adiguna, and Gitta Satryani.

The Ginting team is lead by partner Sugianto Osman.