Infrastructure
CDPQ is a world leader in infrastructure investments, with 25 years of experience. Our team makes direct investments in companies involved in various types of infrastructure in the developed markets as well as in targeted growth markets. These assets include ports, airports, highways, wind farms, public transit systems, and energy transportation and distribution networks.
Through our subsidiary CDPQ Infra, we also act as a developer in certain infrastructure projects by providing integrated management of the planning, financing, construction and operating phases.
Infrastructure portfolio
$59.8 B
Net assets as at December 31, 2023
14%
Of CDPQ’s total portfolio
18
Number of countries in which we have infrastructure investments
1st
Largest institutional investor in infrastructure in the world, according to Infrastructure Investor’s GI 50 ranking
Our exposure
Infrastructure
By geography
Infrastructure
By sector
Our objective
We focus on tangible assets that can generate stable and predictable investment income over the long term while protecting our capital from inflation. With our subsidiary CDPQ Infra, we seek to create more value by developing and operating infrastructure projects.
Our investment approach
- Invest in promising assets and markets in a prudent and rigorous manner
- Focus on assets for which we fully understand the value and risks across the long-term horizon
- Use investment platforms to establish strategic partnerships to undertake transactions
- Add value to our investments by working with partners and management teams to identify and implement performance-enhancing initiatives
Management team
Emmanuel Jaclot
Executive Vice-President and Head of Infrastructure
Eduardo Farhat
Managing Director, Infrastructure, Latin America and Managing Director, CDPQ Brasil
Vivian Nicoli
Managing Director, Infrastructure, Europe and Managing Director, CDPQ Paris
Olivier Renault
Managing Director, Infrastructure, North America
CDPQ Global Infrastructure Inc.
Guillaume Aubert
Managing Director, Asset Management & Valuation, Infrastructure
CDPQ Global Infrastructure Inc.
Rana Karadsheh-Haddad
Managing Director, Infrastructure, Asia Pacific
CDPQ Singapore
Selected investments
Velto Renewables
Renewable energy
Spain
First phase in the development of a new CDPQ platform dedicated to renewable energy infrastructure
DP World
Ports
United Arab Emirates
22% interest for $5 billion of investments in port facilities, in partnership with DP World
Sustainable mobility leaders committed to the green transition
Learn about the vision and actions of the sustainable mobility leaders we’re supporting in the transition to a greener world.
Our infrastructure subsidiary
The CDPQ Infra business model aims to foster effective execution of major public infrastructure projects. The model gives CDPQ the opportunity to leverage its infrastructure expertise and adopt international best practices to execute work on time and on budget.
CDPQ Infra aims to generate commercial returns for CDPQ and its partners while limiting the financial impact of infrastructure projects on government balance sheets.
Réseau express métropolitain
The REM is an integrated public transportation network project currently under construction in Greater Montréal. It will connect downtown, the South Shore, the West Island, the North Shore and the airport.
An impactful project for Québec
Learn more about the REM+$4 B
of Québec content
34,000
jobs during construction
1,000
permanent jobs in Québec
Nearly
$2 B
in wages paid in Québec
$4.58 B
CDPQ Infra's contribution to the project, which will cost $7.95
2023
Commissioning of the first branch of the REM
26
Stations with practical, seamless connections to other transportation networks
7 days
Running 7 days a week
20 hours a day
Wi-Fi + universal access