CDPQ acquires 50% of Montréal’s A25 Concession from Transurban
CDPQ, a global investment group, today announced it has reached an agreement with Transurban for the acquisition of a 50% interest in the A25 Concession, a 7.2
The transaction, valued at $355
Serving north-eastern Montréal and eastern Laval, this toll road is notable for its sustainable approach, offering faster and more efficient routes by car, public transit, bicycle and
Emmanuel Jaclot, CDPQ’s Executive Vice-President and Head of Infrastructure, said: “The
A25 plays an essential role for many residents of Greater Montréal, providing faster routes, easing congestion on other arteries and facilitating public transit between Montréal and the North Shore. With this investment, CDPQ is excited to play a structuring role in the mobility of people and goods in Québec, and we look forward to working with Transurban to ensure the best possible experience for users of A25.”
Transurban Chief Executive Officer, Scott Charlton, added: “This
is the second partnership between Transurban and CDPQ since the recent WestConnex transaction. We have found them to be a constructive, knowledgeable and collaborative partner and we are excited to continue the excellent working relationship. Both parties are aligned on the long-term aspirations for the North American market, and we look forward to pursuing new opportunities together.”
A25 customers will not be affected by the transaction. Payment methods and customer support channels such as the website and service centre will continue to operate as usual, as will the Government of Québec’s free toll measures for electric vehicle
Financial close is expected by March
At CDPQ, we invest constructively to generate sustainable returns over the long term. As a global investment group managing funds for public retirement and insurance plans, we work alongside our partners to build enterprises that drive performance and progress. We are active in the major financial markets, private equity, infrastructure, real estate and private debt. As at As at June 30, 2022, CDPQ’s net assets totalled CAD 391.6 billion. For more information, visit cdpq.com, follow us on Twitter or consult our Facebook or LinkedIn pages.
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