Chris Glynn
The Canada Pension Plan Investment Board said its infrastructure portfolio topped $10.5bn in Q2. The $170bn pension fund administrator in April bought a toll road network in Chile.
Caisse de dépôt et placement du Québec has made an investment in a cancer research centre PPP in Australia. The transaction is part of a partnership with Plenary to invest in infrastructure Down Under.
SNC-Lavalin is head of a consortium that was awarded a mandate to design, build and finance a rapid transit line P3 in Vancouver. The Evergreen Line Rapid Transit project has a cost of C$1.4bn.
Indiana University has picked Goldman Sachs to examine a potential lease of its on-campus parking. The US Midwest school has estimated its parking can generate over $20m a year.
Balfour Beatty Capital has opened a Vancouver site. Ten-year company veteran Chris Arthur will head the office, with Lee Madruga, poached from Acciona Canada Infrastructure, helping out as bid director.
Iain Coucher, a high-profile UK executive who headed Network Rail, has joined Alvarez & Marsal. He will help the firm expand its transportation offering in Europe.
Interstate 70 in Denver is getting a $1.5bn makeover that could involve a PPP. A RFP for a financial advisor, due November 30, is out.
The Stonepeak Infrastructure Fund has amassed $740m of its $1bn target. The fund launched as a spin-out of the Blackstone Group last year.
The operator of Highway 407 in Toronto reported its Q3 revenue was up, but revealed a drop in profit. The Canada Pension Plan Investment Board, Cintra and SNC-Lavalin own the toll road.
Andrew “Landy” Gilbert has joined JP Morgan Asset Management, where he will be a principal on the OECD infrastructure group.