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Rail News: Passenger Rail
New group established to examine two transit-rail projects in Montreal
Caisse de depot et placement du Quebec yesterday announced the establishment of a new subsidiary as it begins the evaluation process for two transit-rail projects in Montreal.
Known as CDPQ Infra, the new operational unit will evaluate a transit system on the new Champlain Bridge as well as one that would link downtown Montreal to the Montreal-Trudeau International Airport and the West Island, officials from the Caisse said in a press release.
Following an agreement between the Caisse and the Quebec government, an executive committee will be established to ensure coordination between the new subsidiary and the provincial government for the planning and construction phases of these projects, should they go forward after the evaluation process.
Once preliminary analyses and project definitions are completed, CDPQ Infra will conduct ongoing consultations with stakeholders.
Michael Sabia, the Caisse's current president and chief executive officer, will chair the new subsidiary’s board. The agency's Executive Vice President Christian Dube and Senior Vice President of Infrastructure Macky Tall also will serve on the board.
Tall will also serve as president and managing director of CDQP Infra. Two international experts will complete the five-member board.
Contact Progressive Railroading editorial staff.