QUÉBEC CITY, June 11, 2015 /CNW Telbec/ - Caisse de dépôt et placement
du Québec announced today a $53-million interest, in the form of a term
loan, in the financing of Québec City Jean Lesage International
Airport. This transaction will enable the company to undertake
significant expansion and maintenance projects, including expansion of
its international terminal.
La Caisse's interest is part of a private financing of approximately
$265 million, announced earlier today by Aéroport de Québec inc. By
improving its infrastructure, the organization expects to be able to
increase its capacity and better serve its market. Ultimately, the
expansion projects aim, among other things, to attract new air carriers
and develop additional routes.
"Expansion of the international terminal will help increase world air
traffic in the Québec City region, fostering the region's economic
development," said Marc Cormier, Executive Vice-President, Fixed Income
at la Caisse. "By taking part in this financing, la Caisse is
furthering the long-term growth of a key organization in Québec City."
"We are pleased to be able to count on a major financial partner like
Caisse de dépôt et placement de Québec," said Gaëtan Gagné, President
and Chief Executive Officer of Aéroport de Québec inc. "With this
investment, we will be in a position to pursue our expansion plan, for
the benefit of our passengers."
The Québec City Jean Lesage International Airport handled more than 1.5
million passengers in 2014, positioning it as Canada's twelfth largest
airport, where more than 10 carriers offer multiple flight connections
to destinations in North America, Central America, the Caribbean,
Mexico and Europe, including daily service to the major hubs in the
northeastern United States.
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 globally in major financial markets, private equity,
infrastructure and real estate. For more information: www.cdpq.com.
SOURCE Caisse de dépôt et placement du Québec
For further information:
Jean-Benoît Houde, Senior Advisor, Media Relations, Tel.: 514 847-5493, email@example.com