Chicago Takes Another Bite From The Skyway Deal

Financial close was reached on Feb. 25 for the sale of the Skyway Concession Company LLC, to three Canadian pension funds, who paid $2.879 billion to Cintra and Macquarie for the privately operated tollroad.

The final price reflects $43 million in adjustments, mainly to buy the approval of the City of Chicago, which had been paid $1.8 billion by Cintra and Macquarie for the concession rights in 2005. They agreed to sell their concession to the Canadian funds a few months ago.


About Bill Reinhardt

Editor of Public Works Financing newsletter
This entry was posted in Take Back Infrastructure. Bookmark the permalink.