Quebec Sees Montreal Light-Rail Project Financing Deal This Year
- Caisse de Depot seeking permission to build 67-km line
- Federal minister Garneau calls project `very interesting'
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Quebec expects financing for a proposed C$5.5 billion ($4.3 billion) light-rail system linking downtown Montreal to several suburbs and the city’s airport to be finalized this year, Transport Minister Jacques Daoust said.
Caisse de Depot et Placement du Quebec is seeking permission to build the 67-kilometer (42-mile) light-rail network, provided the federal and provincial governments both chip in. Canada’s second-largest public pension-fund manager said last month it’s willing to invest C$3 billion, leaving C$2.5 billion for governmental contribution.