REM project: Financial information note
Montréal, January 31, 2017 – With new ridership data that includes the three new downtown stations announced on November 25, 2016, CDPQ Infra is issuing a financial information note that presents projections and estimates of the expected costs and revenues of the REM project (Réseau électrique métropolitain). This note is part of the ongoing information process implemented by CDPQ Infra.
This note presents, among other things:
- data to evaluate, on a comparable basis, the costs of existing transit networks in the metropolitan area, and the REM’s estimated operating and capital costs;
- data allowing for an estimation of the impact of an increase in ridership and public transit service on the ARTM’s total costs, once the REM is in operation; and
- a structure for the reduction of the REM’s revenues per passenger-km in the event that actual ridership exceeds projections by more than 15 percent.
This note is available on the CDPQ Infra website:
Experts from CDPQ Infra will be available to answer technical questions from media on this financial information note. Media representatives may contact Jean-Vincent Lacroix at (514) 847-2896 or [email protected].
About the REM
The Réseau électrique métropolitain (REM) is a new, integrated 67-km public transit network intended to link downtown Montréal, the South Shore, the West Island (Sainte-Anne-de-Bellevue), the North Shore (Laval and Deux-Montagnes) and the airport through the operation of an entirely automated and electric light rail transit (LRT) system. For more information.
About CDPQ Infra
CDPQ Infra aims to effectively and efficiently carry out major public infrastructure projects. Established in 2015, CDPQ Infra invests for the long term in tangible assets that generate stable, predictable returns for depositors of Caisse de dépôt et de placement du Québec. It is a subsidiary of Caisse de dépôt et de placement du Québec (cdpq.com), one of Canada’s leading institutional fund managers. For more information on CDPQ Infra, visit cdpqinfra.com, follow us on Twitter @CDPQInfra or consult our Facebook and LinkedIn pages.
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For more information:
Director, Media Relations
+1 514 847 2896