Prime Minister announces support for Montréal’s Réseau électrique métropolitain

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CANADA: Prime Minister Justin Trudeau has announced a federal investment of $1.283 billion from the long-term Investing in Canada infrastructure plan to support the Réseau électrique métropolitain (REM) light rail network in Montréal, connecting the airport with city centre. This announcement will make it possible to finalize the financing of the project and meet the construction schedule of the Caisse de dépôt et placement du Québec.

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The Prime Minister also announced that, once the Canada Infrastructure Bank is established, it will be possible for the Province of Quebec and the Caisse de dépôt et placement du Québec to identify the project as an opportunity for independent analysis and consideration by the Bank. If the Bank decides to move forward with an investment in the REM project, it will be possible for an investment to come from the Bank rather than Quebec’s transit allocation.

Once completed, this new, automated light rail network will include 27 stations, span 67 kilometres, and operate 20 hours a day, 7 days a week. It will link Montréal’s downtown to the West Island, South Shore, North Shore, and Pierre Elliott Trudeau International Airport.

“The REM is one of the most ambitious public transportation projects in our history. In addition to making it quicker and easier for millions of Quebec residents to get around, the REM will reduce the number of cars on the roads, help ease traffic and make the air cleaner. The announcement today represents a big step toward improving the quality of life of Canadians and their families, creating good, well-paying jobs for the middle class and growing the economy,” Justin Trudeau said.