CPPIB Allocates A$525 Million to Australian Infrastructure Tunnel Project

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Canada Pension Plan Investment Board (CPPIB) announced it is investing A$ 525 million in NorthConnex motorway with a consortium that is made up of CPPIB, Transurban Group and Queensland Investment Corporation (QIC). The investor group will develop and manage a new tolled tunnel motorway located northwest of Sydney. The tunnel motorway will connect Sydney’s northern suburbs with the Orbital road network, spanning 9 KM. Once completed, it will be the longest road tunnel in Australia. [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. ]

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