The Canada Pension Plan Investment Board and the Ontario Municipal Employees’ Retirement System are selling their respective interests in a Chicago toll road.

The investment organizations, which each hold 33.3 per cent stakes in the Skyway Concession Co., are selling their interests to Atlas Arteria Ltd., an Australian toll road investor. SCC manages, operates and maintains the 12.5 kilometre Chicago Skyway toll road under a 99-year concession agreement. Atlas will pay US$2.013 billion for the 66.67 per cent majority interest. The transaction, which is subject to customary conditions and regulatory approvals, is expected to close by 2023.

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In 2016, the CPPIB and the OMERS jointly acquired their stakes for a total of US$2.9 billion. “We have maintained OMERS’ stake in SCC for over five years, during which time the company has proved to be a strong and resilient asset that plays a key role in keeping Chicago connected and mobile,” said Gisele Everett, senior managing director and head of Americas at OMERS Infrastructure, in a press release.

In other news, the Caisse de dépôt et placement du Québec is backing a credit platform for renewable energy projects.

The CDPQ American Fixed Income V Inc., a wholly-owned subsidiary of the Caisse, is providing capital to support Fundamental Renewables’ newest credit facility. The capital will be used to provide flexible financing solutions to clean energy developers.

According to a press release, Marc Cormier, executive vice-president and head of fixed income at the Caisse, the credit platform garnered the investment organization’s support because of its ability to offer tailored financing solutions to solar power projects. “Supporting an industry partner that plays a leading role in enhancing the availability of renewable energy for communities helps meet CDPQ’s ambition to accelerate the transition to a lower carbon economy.”

Read: PSP ditching tech giant shares, Caisse scuttling future crypto investments after Celsius losses