- Canadian Investors Look For Handsome Gain From Sale Of Chicago Skyway Stakes
- Riverside County (CA) Express Lanes Connector Project Advances
- These are just some of the toll industry developments TRN is following.
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Canadian Investors Look For Handsome Gain From Sale Of Chicago Skyway Stakes
Chicago Sun-Times reports, if the the Canada Pension Plan Investment Board and OMERS Infrastructure are, as sources claim, exploring the sale of their respective interests in the Chicago Skyway concession, they stand to gain “a handsome profit, courtesy of drivers forking over tolls that have risen steadily since the city let private operators lease [the facility] in 2005.” The newspaper notes, a sale on the terms disclosed by anonymous sources “would be another example of private investors profiting from the sale of a public asset. The original investment group that acquired the Skyway lease paid the city $1.83 billion, only to sell it a decade later for a $1 billion gain while keeping Skyway profits along the way.” The article includes a looks at the concession company’s recent financial results and the City of Chicago’s decision to lease the facility as an alternative to raising property taxes.
Canada Canada Pension Plan Investment Board (CPPIB) Chicago Metro Area Chicago Skyway Illinois Infrastructure Investment Trends OMERS Infrastructure Ontario P3 & PrivatizationRiverside County (CA) Express Lanes Connector Project Advances
The Press-Enterprise reports, this weekend’s complete closure of a southbound segment of I-15 around Corona will advance a $270 million Riverside County Transportation Commission connector ramp project now in its second and final year. “The agency is closing the freeway to give work crews space to safely put support structures over the 15 Freeway to guide construction of [the] ramp. . . .” The project, started in April 2021, aims to reduce congestion by connecting the SR 91 express lanes that opened in 2017 with the ones located on I-15 that opened early last year.
California Express Lanes I-15 & SR 91 Express Lanes (OCTA & RCTC) Riverside County (CA) Transportation Commission (RCTC)These are just some of the toll industry developments TRN is following.
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