CDPQ acquired 15% stake in Indiana Toll Road
CDPQ has acquired a 15% interest in the Indiana Toll Road (ITR) from a subsidiary of the IFM Global Infrastructure Fund (IFM GIF). Following the completion of the sale, IFM GIF continues to own more than 70% of ITR.
Located in the state of Indiana, USA, the Indiana Toll Road is a 157-mile (252 km) divided highway with limited access. The road is operated and maintained under a Concession and Lease Agreement with the Indiana Finance Authority (IFA). The road spans northern Indiana, from the Ohio border to the Illinois state line near Chicago, flowing directly into two toll roads on state lines, the Chicago Skyway and the Ohio Turnpike.
From 2015, the IRT has completed the largest capital improvements to its carriageway and structure since its original construction. The Concession and Lease Agreement allows the concessionaire to collect toll and other revenues from the road for the next 60 years.
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