Caisse de dépôt et placement du Québec (CDPQ) has acquired a 15 percent interest in the Indiana Toll Road (ITR) from a subsidiary of the IFM Global Infrastructure Fund.
The ITR is a 157-mile limited access, divided highway in the state of Indiana that is operated and maintained under a concession and lease agreement with the Indiana Finance Authority. The road spans northern Indiana, from its border with Ohio to the Illinois state line near Chicago, feeding directly into two toll roads at the state lines — the Chicago Skyway in the west and the Ohio Turnpike in the east.
Since IFM's acquisition in 2015, ITR has undergone the largest capital improvements to its roadway and structures since its original construction. The concession and lease agreement grants the concessionaire the exclusive right to collect toll and other revenues from the toll road for the next 60 years.
“ITR is a critical channel for the flow of goods in the United States whose resilience
