About Macquarie Essential Assets Partnership (MEAP)
MEAP is Canada’s first fund focusing on essential infrastructure assets. It is an unlisted fund and was established by Macquarie Group in May 2003, reaching its final close in May 2004. Funding for MEAP has been sourced predominantly from Canadian pension funds and other institutional investors.
MEAP was established to provide investors with exposure to essential infrastructure assets, such as electricity transmission and distribution networks, gas and other pipelines, certain water utilities and other assets with regulated or contractually determined revenue streams. By investing in these and other related assets, MEAP should offer attractive returns and cash yields to investors, with the relatively low risk profile commonly associated with infrastructure assets.
Assets
MEAP has now invested, or committed to invest, its total final committments from investors. The essential infrastructure assets in its portfolio include:
- AltaLink L.P. - MEAP owns a 23% stake in AltaLink L.P., Canada’s only fully independent electricity transmission company, based in Alberta, Canada.
- Sea-to-Sky Highway Improvement Project - a project to design and build certain improvements to the 100km highway between Vancouver and Whistler in British Columbia, Canada and to operate and maintain the highway until 2030. MEAP is the sole equity provider in this project.
- Edmonton Ring Road Project - a project to design, build and finance a new 11km segment of highway in Alberta, Canada known as the Anthony Henday Drive Southeast Leg Ring Road or the Edmonton Ring Road and to operate and maintain the highway under a 30 year concession agreement. The Edmonton Ring Road was completed on time and on budget and opened to traffic in October 2007. MEAP owns 100 per cent of the project vehicle, Access Roads Edmonton Ltd.
- Aquarion - one of the 10 largest privately owned water utilities in the US, providing water distribution and other related services to more than 200,000 customers in the states of Connecticut, Massachusetts and New Hampshire. MEAP holds a 33.3% equity stake in Aquarion.
Contact
Phone: (1 416) 607 5009
Email: meap@macquarie.com
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