Transportation

• Detroit River Rail Tunnel: OMERS jointly owns with Canadian Pacific Railway the 8,5OO-foot Detroit River Tunnel that links Windsor and Detroit. More than $130 billion of goods flow annually through this cross-border asset. This trade is expected to triple in the next five years. Additionally, a $600 million new rail tunnel and high-speed truck route are proposed for completion within five years to assure shippers fast and competitive routing on North America's busiest free-trade corridor. For more information, please visit www.thejobstunnel.com.
• Confederation Bridge: Through a subsidiary, BPC Maritime Corporation, OMERS owns a 65 per cent interest in Strait Crossing Development Inc. (SCDI) the operator of the 12.9-kilometer Confederation Bridge that links Prince Edward Island and New Brunswick. SCDI manages the two-lane bridge under a concession agreement with the Government of Canada until 2032. Toll rates for the 10-minute crossing are government regulated and 75 per cent inflation protected. Other SCDI investors are Vinci Concessions Canada Inc., Strait Crossing Inc. and Ballast Nedam Canada Developments Inc. Details are available at www.confederationbridge.com.
• Associated British Ports: In August 2006, Borealis Infrastructure, as part of the Admiral Consortium, successfully completed the 100% acquisition of the UK’s largest ports company, Associated British Ports Holdings Ltd. (ABP) for a total value of USD$6.3 billion. ABP currently owns 21 ports and employs over 2,400 staff. ABP handles almost one quarter of UK seaborne trade, measured by tonnage. As part of the consortium, Borealis acquired a 33.3 per cent interest in the asset with GIC (33.3 per cent), Goldman Sachs (23.3 per cent) and Infracapital (a subsidiary of Prudential plc) attaining the balance of the ownership. Further information on ABP can be referenced at www.abports.co.uk.