corporate

Faneuil owned by New York businessman Ronald Perelman (CORRECTION)


We have mistakenly described Faneuil, the company specializing in tolling customer service as a "largely Canadian company." Like many companies it has a complicated history. It has its origins in Chicago IL and then moved to Boston MA in the 1990s where it adopted the name The Faneuil Group.

It was then bought up by Canadians and became a North American  company in operations. At that point it was headquartered in Winnipeg, Manitoba.

Capital Partners investor in Transurban concessions becomes CP2


Capital Partners based in Sydney Australia has become CP2. The firm which manages some $3 billion of investments in tollroads and other infrastructure has a 22.5% interest in the Capital Beltway HOT Lanes concession in northern Virginia and a 25% share in the Pocahontas Parkway in Richmond VA through their 25% share in DRIVe, the Transurban investment entity in north America.

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