The following timeline charts the schedule for Quebec’s pension fund, the Caisse de Depot et Placement du Quebec, to finance and oversee the construction of a new 67 kilometer (41.63 miles)public transit system in Montreal, the third largest automated transportation system in the world behind those in Dubai and Vancouver.
JANUARY 2015 – The Caisse announces the creation of CDPQ Infra, its new infrastructure arm which will work with the Quebec government to provide critical infrastructure in the province.
Under the agreement, the government will select projects for the Caisse to consider and it will assess their commercial viability and tell the government if it wants to invest or not. The government makes the final decision on whether to proceed.
JUNE 2015 – Quebec’s parliament authorizes the implementation of CDPQ’s business model.
APRIL 2016 – CDPQ Infra announces plans for a new integrated public transport network linking downtown Montreal, South Shore, West Island, North Shore and the airport. It will invest C$3 billion in the project and wants the federal and provincial governments to contribute the remaining C$2.5 billion required.
CDPQ Infra begins consultation process with stakeholders.
AUGUST 2016 – Public hearings assessing the environmental impact of the project begin.
END OF 2016/EARLY 2017 – Final decisions from provincial and federal governments on whether to invest
EARLY 2017- Construction expected to begin.
END OF 2020 – First trains expected to run.
(Reporting by Matt Scuffham- Editing by Tomasz Janowski)
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