Light Rail and Minimal Costs

Montreal: He managed to grow its asset base by $130 billion since then, according to CBC. Now for his next trick, Sabia is promising to finance the world third largest light-rail network — at minimal costs to users and government. When he took over the provincial pension fund, it was $40 billion in the hole. Ambitious light rail project for Montreal proposed by Caisse de dépôt The Caisse de dépôt et placement du Québec is committing $3 billion of the $5.5 billion needed to build a light-rail system for the greater Montreal area, which will stretch 67-kilometres across 24 stops. "It an ambitious project, that obvious," Sabia told Radio-Canada on Friday. "But I think here in Montreal, Quebec, and in Canada as well, we need some ambition." One of the new commuter rail stations envisioned by the Caisse de dépôt et placement du Québec. The Caisse reputation under Sabia, though, has quelled their anxieties. "It the rigour of their analysis," Michel Leblanc, the president of the Board of Trade of Metropolitan Montreal, said when asked why he believed the Caisse would deliver on its promise. Such grandiose plans for public infrastructure would normally give pause to a business community that is conservative by nature. (www.immigrantscanada.com). As reported in the news.