CDC Infrastructure is the Caisse des Dépôts subsidiary of direct investment in infrastructure. It operates both the mature assets (brownfield – 70% of the target portfolio), and the new projects (greenfield - 30%), financed in particular through public-private partnership (PPP) or concession.
CDC infrastructure aims at two objectives:
- invest in assets essential for the economic development and the attractiveness of France,
- generate a recurring profitability on the long term.
It acquires a minority interest in stockholders' equity in the sectors of energy transport, telecommunication, environment. CDC Infrastructure operates beside the other investors, whether financiers or industrialists, among which other subsidiaries of the group (Egis and Transdev, in particular) and coordinate its action with the Caisse des Dépôts regional offices. It operates mainly in France.
CDC Infrastructure manages a €600mn asset portfolio today, including holdings in the Sanef highway company, Viaduct of Millau, Eurotunnel, Orlyval, Gas de Strasbourg, but also projects under construction (Reims tramway, railway between Lyon and Saint-Exupéry Airport, A88 highway, Puy de Dôme train).
The subsidiary participates in consortiums standing for the construction, financing and operation of two TGV lines (Tours-Bordeaux and Bretagne-Pays de Loire), the Seine-North canal, several tramway projects, the electronic infrastructure which will collect the heavy trucks tax on main roads, water purification and waste treating plants.