The Government of Canada confirms a $1.28-billion investment in the Réseau électrique métropolitain project
MONTRÉAL – Caisse de dépôt et placement du Québec is pleased to have received confirmation of a $1.283-billion investment, by the Government of Canada and Prime Minister Justin Trudeau, in the Réseau électrique métropolitain (REM) project.
With this commitment, which meets the needs of la Caisse and its subsidiary, CDPQ Infra, the $6.04-billion financing package for the construction of the REM has therefore been finalized.
“We are pleased to have the Government of Canada confirm the quality of the REM project by investing in this ambitious project. This commitment is further proof of what can be accomplished through dialogue and collaboration. That is how the REM project will be carried out as well as how we will be able to improve the quality of life of thousands of citizens and make our metropolis more sustainable,” said Michael Sabia, President and Chief Executive Officer of la Caisse.
SOURCE Caisse de dépôt et placement du Québec