In today’s global finance news, the highway in Bloomington, Indiana that was being built by a Spanish corporation with Netherlands in its name is now owned by a Canadian pension giant.
Isolux Infrastructure Netherlands B.V., the equity member of I-69 Development Partners, the company hired to design, build, operate, maintain, and finance the construction of I-69 Section 5 (from south of Bloomington to Morgan County), has been sold to Public Sector Pension Investment Board (“PSP Investments”), a large pension investment manager with over $112B in assets under management. Isolux Infrastructure was formerly part of Grupo Isolux Corsan.
The newly acquired business will be called ROADIS.
Word is that all of the subcontractors have now been paid, and it is obvious around town that construction on I-69 Section 5 has resumed in a big way!
The full press release on the acquisition can be found here.