MONTRÉAL, July 9, 2015 /CNW Telbec/ - Caisse de dépôt et placement du Québec announced today the establishment of its new subsidiary, CDPQ Infra. The launch of this new operational subsidiary marks the starting point of the evaluation process of the two projects entrusted to CDPQ Infra: a public transit system on the new Champlain Bridge and a public transit system linking downtown Montréal to the Montréal-Trudeau International Airport and the West Island.
Michael Sabia, President and Chief Executive Officer of la Caisse, will serve as Chairman of the Board of CDPQ Infra. Christian Dubé, Executive Vice-President, Québec, and Macky Tall, Senior Vice-President, Infrastructure, will also represent la Caisse on the Board of CDPQ Infra, which will include five members in total. Two international experts will be appointed as external directors over the coming months.
Mr. Tall will serve as President and Managing Director of CDPQ Infra. Jean-Marc Arbaud will serve as Deputy Managing Director and will work to form the teams required to run the new subsidiary.
In accordance with the agreement concluded between la Caisse and the Québec government, an executive committee is also put in place to ensure the coordination between CDPQ Infra and the Québec government for the planning and construction phases (if the identified projects go forward at the conclusion of the evaluation process). When the preliminary analyses and project definitions are completed, CDPQ Infra will also conduct ongoing consultations with the different stakeholders concerned.
A new website for CDPQ Infra is now on line at www.cdpqinfra.com. The public is invited to consult it to obtain more information on the subsidiary, track the progress of the projects and find answers to their questions.
ABOUT CAISSE DE DÉPÔT ET PLACEMENT DU QUÉBEC
Caisse de dépôt et placement du Québec is a long-term institutional investor that manages funds primarily for public and parapublic pension and insurance plans. As at December 31, 2014, it held $225.9 billion in net assets. As one of Canada's leading institutional fund managers, la Caisse invests in major financial markets, private equity, infrastructure and real estate, globally. For more information about la Caisse: www.cdpq.com.
SOURCE Caisse de dépôt et placement du Québec