CDPQ Infra, a subsidiary of institutional investor Caisse de depot et placement du Quebec, last week released an environmental impact study for the proposed Reseau electrique metropolitain (REM) light-rail system in Montreal.
Photo: CDPQ InfraAn official request has been made for a public hearing, at which CDPQ will present the project and recent updates.
The 41-mile, fully automated light-rail system would connect downtown Montreal with the city’s South Shore, North Shore and West Island areas. The REM also would connect to the Montreal-Pierre Elliott Trudeau International Airport in Dorval, Quebec.
The project is expected to cost $5.5 billion (in Canadian dollars), with the Caisse contributing $3 billion. The REM would be the third largest automated transportation system in the world after Dubai and Vancouver.
The Caisse established CDPQ Infra to plan, finance, develop and operate the project. In April, the organization first announced plans to build the REM.