It's too bad we don't have these kinds of investment opportunities in Canada.
The Caisse de
depot et placement du Quebec is investing about $33 million in the Centre for
Agribioscience at Melbourne, Australia.
The facility is
a joint initiative of the government of Australia’s Victoria state and La Trobe
University and includes research laboratories and greenhouses.
A staff more
than 400 is studying and identifying diseases likely to attack living cultures
and organisms which make up Victoria’s $12-billion agriculture sector.
“This
investment in a social-infrastructure project enables us to increase our
presence in Australia, a market presenting great business opportunities,”
Caisse de depot senior vice president Macky Tall said in a statement.
“Because these
projects are carried under under 15, 20 or even 30 year agreements, they enable
us to generate stable, predictable returns,” he said.
