Macquarie is expected to pay more than $54 million for the rights, as the international investor has agreed to acquire 100% of Californian Transportation Ventures Inc. and 82% of San Diego Expressway Limited Partnership, the concessionaire for the SR-125 project. It will be acquiring the majority stake from two engineering firms, US-based Parsons Brinckerhoff and French-headquartered Egis.
The project, which is slated to reach financial close by the end of this year, has qualified for $140 million of federal loan funding. It has also been promised $138 million from the San Diego Association of Governments, which will be used to build untolled links between the tollway and the existing San Diego freeway network.
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