Transurban acquires A25 toll road and bridge in Montreal
Transurban has reached an agreement with Macquarie Infrastructure Partners to acquire 100% of the equity interests in the A25 toll road and bridge in Montreal, Canada. The transaction value is CAD840 million (US$612.8 million) plus transaction costs of CAD18 million (US$13.1 million).
The A25 is a 7.2km toll road and bridge connecting Northern Montreal across the Rivière des Prairies to commercial and residential areas. It opened in May 2011 with a concession to September 2042. Transurban will assume responsibility for the management and operations of the A25 after financial close, which is targeted for Q4 FY18 and is dependent on Investment Canada Act approval.
Country updates
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March 12, 2018
EllisDon wins US$200 million rail stations project in Ontario
Infrastructure Ontario and Metrolinx have awarded the contract to design, build and finance the Stouffville Corridor Stations Improvement project to EllisDon Transit Infrastructure (EDTI). T...
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March 09, 2018
The RFP for the project has been issued to the three prequalified teams
The RFP for the project has been issued to the three prequalified teams. The successful bidder is expected to be announced in 2019
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March 07, 2018
RFQ launched for rail P3 in Ontario
Infrastructure Ontario (IO) and Metrolinx have issued a Request for Qualifications (RFQ) for interested parties to build and finance the Lakeshore East - West Corridor Expansion project. This involves...
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March 01, 2018
EllisDon has been awarded a fixed-price contract for the project
EllisDon has been awarded a fixed-price contract for the project. The company will now mobilize on site and construction will begin, with an expected substantial completion date of summer 2020
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February 28, 2018
Plenary PCL Justice has been selected as the preferred bidder for the development of the project
