CPPIB to invest $518 mln in Australian tolled tunnel motorway
Canada Pension Plan Investment Board (CPPIB) has agreed to invest A$525 million ($518.2 million) to help build and operate a new tolled tunnel motorway near Sydney, Australia. CPPIB is making the investment as part of a consortium that also includes Transurban Group and Queensland Investment Corp (QIC). CPPIB will take a 25 percent ownership interest in the A$2.9 billion project, which will be funded by consortium partners and Australian governments. Construction of the tunnel is expected to be completed in 2019.
2 February 2015•3 mins read
