29 Oct 2019 07:00
Investment update
John Laing Group ('John Laing'), the international active investor and partner behind responsible infrastructure, is pleased to announce that further to its announcement on 20 August 2019 regarding the agreed acquisition of 30% of the Ruta del Cacao road project in Colombia, all relevant approvals have now been obtained and the acquisition completed on 28 October 2019 for a total consideration of £62 million.
Separately, John Laing has invested £13 million for a 35% interest in the Hurontario Light Rail Transit ('LRT') PPP project in Canada, which recently reached financial close. Hurontario LRT consists of an 18km line connecting municipalities in the Greater Toronto and Hamilton Area and will improve connectivity within and between the two districts. The project builds on John Laing's successful history of investment and delivery of complex rail schemes, including the Denver Eagle commuter rail in USA and Sydney Light Rail in Australia.
Total investment commitments to date is therefore £157 million.
ENDS
Further information:
Analyst / investor enquiries: | |
Luciana Germinario, Chief Financial Officer | +44 (0) 20 7901 3200 |
Tejal Patel, Investor Relations & Finance Manager | +44 (0) 20 7901 3200 |
Media Enquiries: | |
Camilla Cunningham / Matt Denham, Teneo | +44 (0) 20 7420 3186 |
JohnLaing@teneo.com |