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Fund pledges a total of £38m to four infrastructure investors, including Hermes II which hit a first close in recent weeks.
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The sovereign fund says heightened competition has pushed investors towards emerging markets and blurred boundaries with private equity.
The Canadian pension grew its infrastructure holdings to $8.3bn, or 8.2% of its total assets, over the year to end March.
The revised investment mandate follows a federal decision to delay withdrawals from the fund for at least 10 years.
The $317bn pension manager said increased bond yield and asset appreciation is affecting how investors view the asset class in the current cycle.
However, infrastructure is still just 1% of the pension's portfolio, compared to 9% for real estate and 0.6% for forestland.
The $119bn pension said new investments and higher valuations were ‘partly offset’ by a strong Canadian dollar in 2016.
Performance for the Canadian pension plan’s private portfolio, which continues to grow, is in line with last year’s.
The 21-mile highway project has faced repeated delays and disputes over the payment of subcontractors.
Allocation to infrastructure increased to 17 % in 2016 as the Canadian pension’s total net asset topped C$85bn.