Skyway Concession Company LLC (SCC) manages, operates and maintains the Chicago Skyway toll road. The Chicago Skyway is a 7.8-mile toll road built in 1958 to connect the Dan Ryan Expressway to the Indiana Toll Road. In 2002, the Chicago Skyway attracted US18.7 million motorists whose tolls amounted to US$43 million dollars in revenueâ twice the US$21.5 million in tolls collected in 1993. In 2003, during the final phase of reconstruction, the Chicago Skyway served 17.4 million motorists who paid US$39.7 million dollars in toll revenue.
For almost 50 years, it was operated and maintained by the City of Chicago Department of Streets and Sanitation. In January 2005, the Skyway Concession Company, LLC (SCC) assumed operations on the Skyway with a 99-year operating lease that gave the City of Chicago a $1.83 billion dollar cash infusion.
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The company has not participated in any projects.
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Atlas Arteria has announced the agreement to acquire Skyway Concession Company LLC in Chicago, USA. As part of the transaction, all required regulatory approvals have been obtain...
Read moreCanada Pension Plan Investment Board (CPP Investments) and OMERS Infrastructure have announced an agreement with Atlas Arteria to sell each of their respective 33.33% indirect stakes in Skyway Concess...
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