Caisse to back Québec infrastructure projects, launches CDPQ Infra
The Caisse de dépôt et placement du Québec has entered into an agreement with the Québec government to finance, develop and operate infrastructure projects of interest to the pension fund manager. Two projects identified as priorities under the agreement involve the development of new public transit facilities in the Montréal region. These projects, which are expected to be completed by 2020, require financing estimated at about $5 billion. The Caisse also announced the creation of a new infrastructure subsidiary, to be called CDPQ Infra, which will explore and execute on project opportunities in Québec and other jurisdictions in North America.
13 January 2015•6 mins read
