CPP Investments & OMERS Infrastructure to sell 33.33% indirect stakes in Chicago Skyway

Subscribe to our newsletter and get the latest news and business opportunities in your inbox

Canada 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 Concession Company LLC (SCC).

CPP Investments and OMERS Infrastructure first acquired their stakes in 2016, the cost of the acquisition was US$2.013 billion for a controlling stake of 66.67%. The transaction for the sale of indirect shares in SCC is expected to close in Q4 2022.

SCC manages, operates and maintains the Chicago Skyway toll road in the US, under a 99-year concession agreement. The Skyway was built in 1958 to connect the Dan Ryan Expressway to the Indiana Toll Road. 36% of the Skyway's structures are overpasses, the majority of which are located over the Calumet River. Some 50,000 vehicles use the highway daily.

List of the country updates

Country updates

  • September 13, 2022

    Construction begins for USD9.5 billion Airport redevelopment PPP project in USA

    The New Terminal One (NTO) consortium has started the construction phase of a 2.4 million sq ft terminal at John F. Kennedy International Airport (JFK) located in Queens borough of New York, USA.

    Read more
  • September 12, 2022

    Final close achieved for Ardian Americas Infrastructure Fund V

    Ardian has announced that it has achieved the final closing for its Ardian Americas Infrastructure Fund V (AAIF V). The fund is closed at US$2.1 billion exceeding its hard cap of US$2.0 bill...

    Read more
  • September 12, 2022

    Antero Midstream to aquire Crestwood’s Marcellus assets

    Antero Midstream has announced that it has entered into an agreement to acquire Marcellus Shale gas gathering and compression assets from Crestwood Equity Partners LP (CEQP) for US$205 million. Asset...

    Read more
  • September 12, 2022

    AECOM won contract for development of Lakeport Courthouse project in California

    The Judicial Council of California (JCC) has awarded a contract to AECOM to provide construction management consulting services for the new Lakeport Courthouse located in Lakeport, Californi...

    Read more
  • September 09, 2022

    HICL to acquire 45% stake in TNT

    HICL Infrastructure PLC has announced an agreement to acquire a 45.75% stake in US power transmission asset Texas Nevada Transmission LLC (TNT).  The deal, the transaction value for which was no...

    Read more

Share this update