- FDOT Faces Local Opposition to Drawbridge Replacement Plan
- CPPIB Emerges as Likely Purchaser of India's Ashoka Tollway Concessions
- These are just some of the toll industry developments TRN is following.
This is a Subscribers-Only area. If you are a subscriber, please login. If not...
Become a Subscriber Today »
FDOT Faces Local Opposition to Drawbridge Replacement Plan
Bradenton Herald reports, a group of Cortez, Florida, residents are pushing for formal administrative review of an FDOT plan to replace the Cortez Bridge. They oppose the proposed design of the replacement bridge on the ground that it conflicts with the character of their village, which is listed on the National Register of Historic Places. Some favor restoring the existing drawbridge, and one such resident tells the newspaper she would even be willing to pay a toll to finance the renovation project.
Florida Florida Department of Transportation (FDOT)CPPIB Emerges as Likely Purchaser of India's Ashoka Tollway Concessions
The Economic Times reports, “Canada Pension Plan Investment Board has emerged the front-runner to acquire toll roads developer Ashoka Concessions, and is likely to sign a deal at an enterprise value of Rs 5,500 crore, or $770 million, two people aware of the development said.” The existing shareholders are reportedly prepared to sell CPPIB their entire respective stakes in the concession company, which has a portfolio consisting of six operational build-operate-transfer toll roads and eight under-construction hybrid annuity projects. The article notes that CPPIB’s rivals for the purchase include I Squared Capital’s Cube Highways and Caisse de dépôt et placement du Québec (CDPQ), another Canadian pension fund management firm.
Canada Canada Pension Plan Investment Board (CPPIB) India Infrastructure Investment Trends P3 & PrivatizationThese are just some of the toll industry developments TRN is following.
If you’re not already a Daily News Briefs subscriber and you want a complete picture of today’s news, click here or call 717-991-2823 for subscription information. If you’re a newcomer to TollRoadsNews.com, click here to get a free, 14-day trial subscription to Daily News Briefs.