CPPIB, QIC back $2.3b Sydney infrastructure project
Canada Pension Plan Investment Board (CPPIB) and Queensland Investment Corporation (QIC) are part of a consortium alongside toll road operator Transurban Group that is backing Sydney’s A$2.9 billion ($2.3 billion) NorthConnex tunnel project.
CPPIB said in a statement that it is contributing A$525 million and will take a 25% ownership interest in the project. Transurban is putting in A$1.05 billion, while the New South Wales and federal governments...
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