The A25 Concession covers a 7.2 km toll road and bridge network that serves as a vital component of the Greater Montréal transportation network. The A25 toll road has been in operation since 2011 and was owned and operated by Transurban Group since June 2018. The Transaction involved the sale of Transurban’s 50% equity stake to CDPQ at a valuation of $355 million, and took place in February 2023. Gridlines supported the parties in this transaction, by reviewing the financial model, and had previously supported Transurban in an earlier refinancing.
Financial modelling
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