Auckland light rail step closer as Super Fund-Canadian consortium lodges proposal

Fri, 31 Aug 2018

By Nikki Mandow Aug. 31 (BusinessDesk) - A huge Canadian fund manager says it will bring considerable practical expertise (as well as funding) to the multi-billion dollar Auckland light rail project, if it is chosen as the preferred supplier. The New Zealand Super Fund has teamed up with Canadian institutional investor CDPQ, which manages approximately $350 billion of funds worldwide. The consortium today submitted its model to the New Zealand Transport Agency - the first step in the process. CDPQ Infra, which invests in infrastructure...

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