Investor Updates
Super fund REST invests in transport infrastructure
8 November 2012
Spanish infrastructure developer Cintra, a subsidiary of Ferrovial, has joined forces with Australian superannuation fund REST to invest and operate selected toll-road projects in Australia.
The partnership with Cintra will initially involve identifying and developing opportunities for major Australian toll road transport projects or assets.
Cintra CEO, Enrique Diaz-Rato, said: “Australia is a safe and secure place for our company to grow its operations and we will be taking a very long-term approach to our investments.”
Spain’s Cintra has more than 40 years of experience and total managed investment valued at A$27 billion consisting of 22 road concessions across Canada, the United States, and Europe.
REST is one of Australia’s largest industry superannuation funds by membership with 1.9 million members and has over A$20 billion in funds under management.
REST CEO, Damian Hill, said the collaboration enabled REST to team up with one of the world’s leading transport infrastructure investors and operators to pursue investment opportunities for the benefit of fund members.
“We see this venture as a means of potentially providing better returns to members through an integrated approach to transport infrastructure investments.”
“Infrastructure is a key asset class for our members as it has the potential to provide growth and security,” Mr Hill said.
More information