CDPQ Infra to acquire CN assets for Montréal rail network
CDPQ Infra, the infrastructure investment arm of the Caisse de dépôt et placement du Québec, has agreed to acquire assets from Canadian National Railway Co (CN) as part of its Réseau électrique métropolitain (REM) project. The deal, the terms of which were not disclosed, will see CDPQ Infra acquire the aerial structure leading to Montréal's Central Station, along with adjacent land, infrastructure, and other assets. In April, the Caisse said it would commit $3 billion to the REM project, which will create an electrified rail network in the Greater Montréal area.
25 August 2016•3 mins read
