CDC infrastructure appoints new CEO

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CDC infrastructure appoints new CEO

CDC Infrastructure, a 100% subsidiary of the Caisse des Depots et Consignations (CDC), has appointed a new Chief Executive Officer (CEO), Patrick Vandevoorde.

Mr. Vandevoorde, who was Chief Operating Officer since 2009, is replacing Jean Bensaid, who left the company.

Previously, Patrick Vandevoorde worked as head of the department "Infrastructures of general interest" in the direction of regional development and the network of the Caisse des Depots et Consignations, before presiding SCET from 2001 to 2003.

He also had particular responsibility for the realization of the Toulouse Metro and the management of the city public transport network through a concession.

CDC Infrastructure is a 100% subsidiary of Caisse des Dépôts and makes long-term equity investments in infrastructure projects. It invests in mature (brownfield) assets and in new (greenfield) projects financed mainly in the form of public-private partnerships (PPP) or concessions.

CDC Infrastructure has a portfolio of €1 billion, focused on 4 sectors: transport, energy, telecoms and the environment. Its investments include GRTgaz (French transmission network and subsidiary of GDZ Suez), the high-speed rail between Tours and Bordeaux (LISEA), Gassled (Norwegian gas transmission network), the motorway company Sanef, Eurotunnel and Viaduc de Millau.

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