One more door has been opened for the Montreal Airport rail link

Posted on in News Archive

CANADA: The National Assembly of Quebec has passed the Bill 38 allowing Caisse de dépôt et placement du Québec to carry out infrastructure projects.

In January the country’s leading pension and insurance fund La Caisse de dépôt et placement du Québec has signed an agreement with the Québec government for the execution of major infrastructure projects.

Under the terms of the agreement, the government will identify projects that may present an interest for la Caisse. Assuming this interest is confirmed, la Caisse will become responsible for project planning, financing, development and operation.

So far the two identified projects are:

  • A public transit system on Montréal’s new Champlain Bridge; and
  • A public transit system linking downtown Montréal to the Montréal-Trudeau International Airport and the West Island.

The Bill 38 was passed on 12th of June and now the Caisse plans to evaluate the identified projects and give the government a proposal, which would include the fares it would charge users, indexed over several years. The government can then decide whether to allow the Caisse to proceed with the projects.

The two projects are estimated to cost $5 billion to build. The Caisse has said it could deliver them by the year 2020.