PPP plan for Indiana project

Rebuilding of the Interstate 69 highway in Indiana is now going ahead. The PPP project is for the 33.6km I-69 Section 5 contract. Spanish company Isolux Infrastructure is working on the project with much of the funding coming through its agreement with Infra-PSP Canada. The deal sees Infra-PSP Canada taking 49% of the project’s equity. The deal is of note as the firm is an affiliate of Canada’s Public Pension Board and this is the first time an international public pension operation has directly invested in
July 25, 2014 Read time: 1 min

Rebuilding of the Interstate 69 highway in Indiana is now going ahead. The PPP project is for the 33.6km I-69 Section 5 contract. Spanish company 1392 Isolux Infrastructure is working on the project with much of the funding coming through its agreement with Infra-PSP Canada. The deal sees Infra-PSP Canada taking 49% of the project’s equity. The deal is of note as the firm is an affiliate of Canada’s Public Pension Board and this is the first time an international public pension operation has directly invested in a US PPP project during the construction phase. The revamp to I-69 will improve transport connections between the north and the south of the state.

Finance & Funding

For more information on companies in this article

Related Content

  • Oklahoma turnpike project for Atkins
    April 12, 2018
    Atkins, part of the SNC-Lavalin Group, is providing construction management services for the Oklahoma Turnpike Authority (OTA).
    Read More
  • Empresas ICA and CDPQ enter partnership for road projects
    April 17, 2015
    Mexican construction company Empresas ICA has entered a partnership with Canadian investment company CDPQ to carry out joint road projects in Mexico. Under the arrangement, subject to Mexican government approval, ICA holds a 51% interest in the partnership and CDPQ will pay US$197.17 million to ICA for its 49% equity share of the new business. The companies are planning four projects: the Mayab motorway, the Rio-Verde-Ciudad Valles motorway, the La Piedad bypass and the Acapulco tunnel. ICA carries
    Read More
  • RFQ is out for the Gordie Howe Bridge to link US and Canada
    July 22, 2015
    The bidding process has started for the Gordie Howe International Bridge that will link Detroit in the US state of Michigan and Windsor, in the Canadian province of Ontario. The Windsor-Detroit Bridge Authority (WDBA) has sent out a request for qualifications (RFQ) for the bridge that will likely be either cable stayed or suspension to cross the Detroit River. The bridge also likely will come with a hefty price tag – around US$1.62 billion, as World Highways reported in May in a feature on the proposed b
    Read More
  • Aecon sells Ontario road business to GIP
    May 18, 2023
    Canadian infrastructure group Aecon has sold its Ontario-based construction and aggregates business Aecon Transportation East to Green Infrastructure Partners.
    Read More

Highlighted Content