CDPQ plans InvIT to house road assets
MUMBAI : Caisse de dépôt et placement du Québec (CDPQ) is planning to set up an infrastructure investment trust (InvIT) to house road assets acquired by the Canadian pension fund manager, two people aware of the development said, requesting anonymity.
An InvIT is a pool of money collected from investors to manage operational infrastructure projects, in return for a regular yield to its unit holders.
Mint reported on 13 August that CDPQ was in exclusive talks to acquire Highway Concessions One, a roads portfolio owned by infrastructure fund manager Global Infrastructure Partners (GIP). On 16 October, The Economic Times reported that CDPQ had agreed to buy the road portfolio for around ₹2,400 crore.
