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Transactions - DECEMBER 2, 2019

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CDPQ buys minority stake in Sydney Metro P3 project

by Kali Persall

Caisse de dépôt et placement du Québec (CDPQ) has paid A$167 million ($112 million) for a 24.9 percent stake in the public-private partnership (P3) contract for the trains, systems, operations and maintenance of Sydney Metro.

According to CDPQ, the MTR Corp., Marubeni Corp., Plenary Group and CIMIC Group own the remainder of the company.

Sydney Metro, Australia’s biggest public transport project, includes both the North West and City and Southwest lines. The Metro North West Line opened in May with 13 metro stations in Sydney’s North West. It will be extended into the Sydney city center and beyond to Bankstown by 2024, when Sydney will have 31 metro stations and a stand-alone 66-kilometer (41-mile) metro railway.

“This transit system will expand sustainable mobility in the region and contribute to the transition toward a low-carbon economy by compounding the benefits of mass transit, electrification and energy from renewable sources,” said Emmanuel Ja

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