CDPQ accelerates infrastructure investment with stake in Indiana Toll Road
A truck drives on the Indiana Toll Road, Interstate 90.
Caisse de Depot et Placement du Quebec, Montreal, acquired a 15% stake in the Indiana Toll Road Concession Co. from infrastructure manager IFM Investors, according to a joint news release from the C$365.5 billion ($292.1 billion) pension fund and infrastructure money manager.
ITRCC maintains and operates the 157-mile Indiana Toll Road and was originally purchased in May 2015 by IFM for $5.7 billion, funded with $3.2 billion of equity and $2.5 billion of debt.
The $460.8 billion California Public Employees Retirement System, Sacramento, acquired a 10% stake in May 2016.
Canadian Firm Acquires Interest in Indiana Toll Road
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State can rumble ahead with toll increases | Opinion
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Indiana Toll Road Begins Offering Electric Vehicle Charging
The new chargers have online connectivity, synced with the EVConnect cloud platform, which makes it possible for drivers to search for and locate charging stations directly from their phones. by The Times / January 22, 2021 Photo by Markus Spiske on Unsplash
(TNS) Electric vehicle owners can now recharge their batteries while driving the Indiana Toll Road.
ITR Concession Co., the operator of the toll road, recently installed two charging stations in Rolling Prairie at the Wilbur Shaw and Knute Rockne travel plazas.
ITRCC partnered with Martell Electric to bring Level 3 Charging, also known as DC Fast Charging, to the plaza. The charging stations can provide compatible vehicles with an 80% charge in 30 minutes, according to ITR enough time for travelers to be able to stretch their legs and forget about range anxiety.