Québec pension fund ups stakes in infrastructure test case: Reuters
The Caisse de dépôt et placement du Québec is about to take on one of its toughest investment challenges yet — helping the commuters of Montréal, Reuters reported. Keen to boost returns, Canada's second-biggest pension fund is financing and overseeing the construction of a new 67 kilometre (41.6 miles) public transit system in Montréal , the third largest automated transportation system in the world behind those in Dubai and Vancouver. The venture is a bold move by the Caisse — more familiar with bond prices and rental yields than ticket fares and commuter habits — and one fraught with risks.
19 September 2016•5 mins read
