Caisse says Montréal rail line to cost more, take longer: Reuters
Québec's public pension fund this week said the expected cost of building one of the world’s biggest light rail systems in Montréal had risen for a second time and was now $800 million above its initial forecast, Reuters reported. Caisse de dépôt et placement du Québec also said a consortium led by SNC Lavalin Group Inc had won a contract worth around $5 billion to provide engineering, procurement and construction on the project. A consortium led by Alstom and including SNC Lavalin will provide rolling stock and systems through a contract worth more than $1 billion. The Caisse is both financing and overseeing the construction of the 67-kilometre public transit system. It will own and operate the system once it has been built.
8 February 2018•2 mins read
