Once completed, the REM will be the fourth largest automated transportation system in the world after Singapore (82), Dubai (80 km) and Vancouver (68 km). For the metropolitan area, the REM also represents the largest public transportation infrastructure since the Montréal metro, inaugurated in 1966. Combined with existing transportation networks (metro, trains and buses), the REM opens a new era of public transit development in the Greater Montréal area.
The solution proposed by CDPQ Infra will:
- offer an integrated, efficient and reliable service
- constitute Québec’s first “public-public” partnership project
- build a new network of strategic importance for the Montreal metropolitan area and for Québec
- foster environmentally sustainable transportation
Integrated, efficient and reliable service
As a single, integrated transportation network, the REM will offer a number of efficient travel options in the Greater Montréal area. Connections between the new network and existing bus, metro and train systems have also been designed to simplify itineraries.
With frequent and reliable service running from 5:00 am to 1:00 am – 20 hours a day, every day – the REM represents a new paradigm and significant time savings for commuters in the metropolitan region. The decision to use dedicated tracks will allow for quick and uninterrupted travel, and passengers will have Wi-Fi connectivity and access to live status updates.
New stations will be integrated into their urban environment and designed to allow easy access for pedestrians, bicycles, cars and buses. All stations will be covered, climate-controlled, equipped with elevators, and will meet the principles of universal access.
Finally, by choosing the Highway 40 route to the West Island, the project allows for the creation of a dedicated corridor for public transportation, without the need to share tracks with freight trains.
The project aims to reinforce the dynamism of the Montréal economy. It demonstrates the potential of CDPQ Infra’s public-public partnership model. While improving people’s daily lives, the REM will generate stable returns for la Caisse and its clients.
This project is in line with the overall strategy and with the approach to investing in Québec. Every time passengers use their new transit system, they will be helping to secure their future retirement. This virtuous circle serves as a good illustration of the principle underlying the public-public partnership model.
A network of strategic importance for the metropolitan area and for Québec
The new network represents construction costs of approximately $5.9 billion. La Caisse is willing to commit $3,1 billion to the project. The proposed financial structure also requires investments by the governments of Québec and Canada.
This network could potentially add more than $3,7 billion to the Québec GDP over four years. Close to $5 billion in private real estate developments along the chosen route are also expected. More than 34,000 direct and indirect jobs will be created during the construction period and more than a 1,000 permanent jobs will be generated when the REM starts running.
Fostering sustainable transportation
The new network will be efficient, accessible and well-connected to existing transit systems, encouraging the use of electric public transportation in five key areas of the metropolitan region.
The REM could thus help reduce GHG emissions by 35 000 tonnes annually and accelerate Québec’s transition to a low-carbon economy. At the same time, this new public transit system could reduce economic losses associated with traffic congestion, currently estimated at $1.4 billion annually in the Greater Montréal area.