Caisse Seeks to Build C$5.5 Billion Montreal Rail Network
- Pension manager to invest C$3 billion in 67-kilometer line
- Project depends on contributions from Quebec and Canada
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Caisse de Depot et Placement du Quebec, Canada’s second-largest public pension-fund manager, plans to seek permission to build an automated light-rail network in the Montreal area that would require investments of about C$5.5 billion ($4.3 billion).
Reseau Electrique Metropolitain, as the 67-kilometer (42-mile) rail line will be called, would link downtown Montreal with western, northern and southern suburbs and the city’s Trudeau International Airport, according to a statement released Friday. It would represent the biggest mass-transit project in Quebec since Montreal’s subway system opened in 1966.