OMERS buys C$3bn share in 407ETR from SNC-Lavalin

In:

Transport

Region:

Americas

OMERS Infrastructure has signed a purchase and sale agreement for a 10.01% stake in 407 International Inc from SNC-Lavalin Group Inc. The purchase price for the share in the 407 Express Toll Route (407ETR) concession is C$3.0 billion ($2.25 billion). The 108km road across the Greater Toronto Area...

Exclusive subscriber content…

If you are a Proximo subscriber, please login to continue reading

Not yet a subscriber? Join us today to continue accessing content without any restrictions

View our subscription options

Or to request access to Proximo Intelligence contact us

Request Access

A bridge too far? Not according to PAB investors

Perspective

20 September 2024

A bridge too far? Not according to PAB investors

With project revenues wholly derived from toll revenues, the I-10 Calcasieu River Bridge P3 financing was expected to make bond investors nervous. Judging by take up it...

Perspective

27 September 2024

Asia pushing the right buttons

Despite a downturn during the pandemic, project and infrastructure financing in Asia, Asia-Pacific and Australasia has grown from $71.3 billion in 2019 to $91.8 billion in...

Must See

Perspective

13 September 2024

Back to gas?

Conventional power project finance volume made a stronger showing in the first half of 2024 according to the latest numbers from Proximo Data. Is that the first signal of a gas-fired power comeback?

Perspective

20 September 2024

A bridge too far? Not according to PAB investors

With project revenues wholly derived from toll revenues, the I-10 Calcasieu River Bridge P3 financing was expected to make bond investors nervous. Judging by take up it didn’t.

Perspective

27 September 2024

Asia pushing the right buttons

Despite a downturn during the pandemic, project and infrastructure financing in Asia, Asia-Pacific and Australasia has grown from $71.3 billion in 2019 to $91.8 billion in 2023. Key sectors like transport, telecoms and renewables are driving this resurgence, while fossil fuel investments remain prominent.