CDPQ invests in Sydney Metro, Australia’s first driverless metro system

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Caisse de dépôt et placement du Québec (CDPQ), a global institutional investor, announces today the acquisition of a 24.9% stake in the public-private partnership (PPP) contract for the trains, systems, operations and maintenance of Sydney Metro, Australia’s biggest public transport project, which includes both the North West and City & Southwest lines. The total value of the transaction is AUD 167 million (CAD 150 million). Other investors include MTR Corporation Limited, Marubeni Corporation, Plenary Group and CIMIC Group Limited. The Metro North West Line opened in May 2019 with 13 metro stations in Sydney’s North West. It is being extended into the Sydney city centre and beyond to Bankstown by 2024, when Sydney will have 31 metro stations and a stand-alone 66-km metro railway. false false false CDPQ’s strong presence in AustraliaIn addition to its investment in Sydney Metro, CDPQ acquired earlier this year a minority stake in Healthscope, a private hospital operator. In 2016, CDPQ collaborated with the founders of Greenstone to acquire a 44% interest in this leading Australian insurance distributor. In infrastructure, CDPQ is also a shareholder and long-term partner of Plenary Group, having invested in several Plenary-originated Australian projects since 2012. CDPQ also holds a 22.5% interest in TransGrid, the electricity transmission network of the State of New South Wales and the Australian Capital Territory, and 26.7% of the Port of Brisbane. false false false ABOUT CAISSE DE DÉPÔT ET PLACEMENT DU QUÉBEC Caisse de dépôt et placement du Québec (CDPQ) is a long-term institutional investor that manages funds primarily for public and parapublic pension and insurance plans. As at June 30, 2019, it held CA$326.7 billion in net assets. As one of Canada’s leading institutional fund managers, CDPQ invests globally in major financial markets, private equity, infrastructure, real estate and private debt. For more information, visit cdpq.com, follow us on Twitter @LaCDPQ or consult our Facebook or LinkedIn pages.