Daily News Briefs, May 6, 2022

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Sault Ste. Marie Bridge Traffic Remained On An Upward Trend In April

SooToday.com reports, the International Bridge Administration, the Sault Ste. Marie Bridge operating authority, announced that last month’s one-way crossings totaled 43,536. According to the authority, “Traffic for the calendar year-to-date on April 30, 2022, is 97,117. This represents a year-to-date increase of 93.2 per cent compared to 2021.” Crossings by full-fare passenger vehicles increased significantly in April, but there was a reduction in commercial truck traffic. While bridge traffic is trending upward, overall volume is still well below the level seen before the onset of the pandemic.

Canada Federal Bridge Corporation Ltd. (Canada) Highway and Bridge Safety (Including COVID-19 Impacts) International Bridge Administration (Sault Ste. Marie International Bridge) Michigan Michigan Department of Transportation (MDOT) Ontario

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Atlantia Closes Sale Of Autostrade per l'Italia Stake

Reuters reports, Atlantia announced yesterday that it completed the sale of its stake in tollway concession operator Autostrade per l’Italia and received consideration “equal to 8.199 billion euros [US$$8.6 billion].” Atlantia is also eligible for an earn-out if the Italian government decides to compensate Autostrade for 2020-2021 losses resulting from the COVID-19 pandemic’s disruption of traffic. The controlling (88-percent) stake in Autostrade is passing to a consortium led by Cassa Depositi e Prestiti, the Italian state’s infrastructure investment bank, that includes Macquarie and Blackstone units as equal co-investors. The Autostrade sale recently sparked rival takeover bids for Atlantia, one of which — a proposal by the Benetton family with backing from Blackstone — is favored to succeed.

Acquisitions and Mergers Atlantia Autostrade per l'Italia Blackstone Group Italy Macquarie Group

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These are just some of the toll industry developments TRN is following.

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