Caisse de dépôt acquires 50% of the manager of the A-25 toll bridge

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La Caisse de dôt acquires 50% of the manager of the A-25 toll bridge

The Olivier-Charbonneau bridge on Highway 25 spans the Rivière des Prairies.

The Autoroute 25 toll bridge between Montreal and Laval will have a Quebec shareholder for the first time. The Caisse de depot et placement du Québec (CDPQ) announces on Monday that it aims to acquire a 50% interest in Concession A25.

The 7.2 km road , which includes the 1.2 km Olivier-Charbonneau bridge that crosses the Rivière des Prairies, was since 2018 the property of the Australian company Transurban.

The CDPQ indicated on Monday that it had reached a $355 million agreement with Transurban to obtain co-control of Concession A25. The closing of the transaction is scheduled for March 31.

For users of the bridge opened in 2011, nothing changes, assures the CDPQ.

Currently, it costs $2.96 to $39.46 to cross the bridge that connects the borough of Rivière-des-Prairies–Pointe-aux-Trembles to the east of Laval. The price depends on the vehicle, the time and the subscription chosen by the driver.

The various payment methods and service portals, such as the website and the customer service center, will continue to operate as usual, similar to the free toll measures put in place by the government. of Quebec for owners of electric vehicles, adds the CDPQ in a press release.

This is not the CDPQ's first partnership with Transurban.

CDPQ has held a 10% share of a major Australian infrastructure project, WestConnex, in Sydney since 2021.

We have seen how CDPQ is a constructive, competent and collaborative partner, and we are delighted to continue this excellent working relationship, underlines the president and chief executive officer of Transurban, Scott Charlton.

The CDPQ says to I look forward to working with Transurban to ensure the best possible experience for Highway 25 users.

Autoroute 25 plays a vital role for many Greater Montreal residents. It reduces travel times, reduces congestion on other arteries and facilitates public transit between Montreal and the North Shore, says CDPQ Senior Vice-President and Head of Infrastructure, Emmanuel Jaclot.

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Mr. Jaclot points out that the A25 Concession is a structuring asset for the mobility of people and goods in Quebec.

It is a toll road [which] is characterized by its sustainable approach, offering faster and more efficient routes, both by car and public transport as well as by bike and on foot, specifies the CDPQ in its press release.

The A25 Concession is a four-lane highway and a six-lane bridge. The bridge has a multifunctional path for pedestrians and cyclists between boulevards Lévesque in Laval and Perras in Montreal, which is open from April 15 to November 15.