ROADIS to leverage management team’s experience and PSP Investments’ financial strength to grow its portfolio of quality assets
ROADIS is pleased to announce that, as the result of the asset split of the former Isolux Infrastructure, it is now the wholly-owned global highway investment platform for one of Canada’s largest pension investment managers, PSP Investments.
“This marks the beginning of an exciting new page of ROADIS’ history, one which will focus on growing our portfolio of quality toll road assets,” said José A. Labarra, Chief Executive Officer of ROADIS. “Backed by the financial strength and long-term vision of our sole shareholder, we plan to substantially increase our project backlog while keeping a well-balanced risk profile. From a construction risk perspective, we will invest in greenfield projects and acquire operating assets, and from a demand risk perspective, we will combine real toll concessions with shadow toll and availability highways. We will do so in the geographies where ROADIS currently operates, as well as in new markets on all continents,” Mr. Labarra added.
With 1,644 kilometers of roads located in both developed countries and countries whose highway markets offer huge potential, ROADIS is an international reference for the highways sector. Its seasoned management team, who oversees more than 2,500 employees around the world, is led by CEO José A. Labarra. Mr. Labarra began his career at Cintra, one of the world’s leading private sector developers of transportation infrastructure, where he held various management positions in Portugal, Canada, Spain and the US. After serving as CEO of the SH130 Concession Company, LLC, in Texas from 2007 to 2010, Mr. Labarra joined Grupo Isolux Corsán as General Manager of the Highway Concession Division, where he was responsible for the assets that form ROADIS’ current portfolio.
About ROADIS
A wholly-owned subsidiary of one of Canada’s largest pension investment manager, ROADIS is a leading global highway concession company. Its portfolio of quality highway concessions totals 1,644 kilometers across nine concessions in India (710 km, four concessions), Mexico (155 km, two concessions), Brazil (681 km), Spain (64 km) and the US (34 km).