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Home: Canadian Construction News: $5.5 Billion Automated Light Rail Network Proposed For Greater Montreal

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$5.5 Billion Automated Light Rail Network Proposed For Greater Montreal

Written by; Fraser Boone / TCCN Staff Writer
Added on: Sat Apr 23 2016

  


A new and ambitious infrastructure project designed to transform transportation in Greater Montreal was pitched today by Caisse de depot et placement du Quebec.

The infrastructure arm of the investment fund has unveiled plans to build a $5.5 billion (CAD), 67 km fully automated light rail transit system that would connect downtown Montreal with the city's North and South shores, West Island and Pierre Elliott Trudeau International Airport.

Dubbed "Reseau Electrique Metropolitain" (REM), the project would be completely automated and operate 24 stations throughout Quebec's largest population centre. As an environmental benefit it would cut emissions and alleviate the city's worsening congestion.

"Today we are proposing an innovative public transit solution that will improve the quality of life in Montreal and deliver important economic, social and environmental benefits. It will improve the metropolitan region's overall competitiveness," Michael Sabia, president and CEO of Caisse, said.

The network would operate 20 hours per day, 7 days a week, and offer dedicated tracks and significant time savings for commuters, Caisse said.

"Much work remains to be done, but today we are unveiling a state-of-the-art solution," Macky Tall, president and CEO of Caisse's infrastructure division, said. "With highly frequent service, 20 hours a day, universal access and Wi-Fi available throughout the network, the REM promises to improve the daily commute of hundreds of thousands of people. We are committed to delivering the project on-time and on-budget."

If built, the REM would become the 3rd largest automated transit system in the world, trailing only behind Dubai's and Vancouver's. It would also be the largest infrastructure project undertaken in Montreal since the inauguration of the city's metro in 1966.

Caisse said the project will cost approximately $5.5 billion (CAD) to build.

Pitching the project as an investment in the province, the pension fund said the LRT could add more than $3 billion (CAD) to Quebec's GDP over a 4 year period. During the construction phase alone, Caisse expects it would create approximately 7,500 jobs, as well as, an estimated 1,000 permanent jobs when the transit system becomes operational. With congestion currently costing the province an estimated $1.4 billion, the new-age transit system would also ease traffic in the Montreal area.

Along with the economic benefits, Caisse touted the proposed transit network as a boon for the environment. Running on electrified rails and no doubt utilizing Quebec's vast reserves of hydro power, the REM could eliminate the equivalent of 16,800 tonnes of carbon dioxide annually.

Caisse plans to submit the project for an environmental assessment by the summer. It said if all goes smoothly with provincial and federal regulators, construction on the REM could begin in the spring of 2017. In that scenario, the first trains could be running throughout Montreal by 2020.

Along with the regulatory tangle, however, the project is contingent on infrastructure funding from Ottawa and Quebec City. Caisse said it would contribute $3 billion (CAD) to the project, meaning the federal and Quebec governments would be required to invest the outstanding $2.5 billion.

  

Copyright: 2016 TCCN.ca










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