Caisse de dépôt to invest $3 bln in Montréal rail network
CDPQ Infra, the infrastructure investment arm of the Caisse de dépôt et placement du Québec, has announced plans for its Réseau électrique métropolitain (REM), an electrified rail network that will link locations in the Greater Montréal area. The new network represents an investment of about $5.5 billion. The Caisse said it will commit $3 billion to the project. The proposed financial structure also requires investments by the Québec and Canadian governments. Once completed, the REM will be one of the largest automated transportation systems in the world, the Caisse said.
22 April 2016•6 mins read
