The Caisse de dépôt et placement du Québec is acquiring a 50 per cent interest in the A25 Concession, a 7.2 kilometre toll road and bridge network that serves the Greater Montreal transportation network.

Through the transaction, which is valued at $355 million, the Caisse will have co-control of the network through a partnership with Transurban, a road operator company that manages and develops urban toll road networks in Australia, Canada and the U.S. It’s the second major partnership between the investment organization and Transurban following the Caisse’s 2021 investment in WestConnex, Australia’s largest road infrastructure project.

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“With this investment, CDPQ is excited to play a structuring role in the mobility of people and goods in Quebec and we look forward to working with Transurban to ensure the best possible experience for users of A25,” said Emmanuel Jaclot, the Caisse’s executive vice-president and head of infrastructure, in a press release.

The acquisition is expected to close by March 31, 2023, subject to customary closing conditions and relevant consents and approvals.

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