Montreal gets $1.2 billion loan for light rail project

RELATED TOPICS: TRANSIT | CANADA
Trains Industry Newsletter
Get a weekly roundup of the industry news you need.
By signing up you may also receive occasional reader surveys and special offers from Trains magazine. View our privacy policy.
Montreal_LightRail_Map
A map of Montreal's light rail system, which began construction in April.
REM

MONTREAL — A new Canadian governmental agency is making a major loan to help finance Montreal’s new light rail system.

The Canada Infrastructure Bank — created to find new ways to fund transit construction — will make a $1.2 billion loan toward the construction of the new light rail system, projected to cost $6.3 billion (all figures in Canadian Dollars).

The agency’s president, Pierre Lavallee, told the Canadian Press that the infrastructure bank will “have the capability and the capacity to invest in important projects and to do so at scale," he said in an interview.

"Hopefully this will send a good signal to future potential partners, both public and private, that we're here to help."

Montreal broke ground in April on the Reseau electrique metropolitain, a 41.6 mile, 24-station driverless light rail project. The first line is projected to be in service in 2021. [See “Montreal to break ground on light rail system in April,” Trains News Wire, Feb. 9, 2018.]

Leave a Comment
Want to leave a comment?
Only registered members of TrainsMag.com are allowed to leave comments. Registration is FREE and only takes a couple minutes.

Login or Register now.
Please keep your feedback on-topic and respectful. Trains staffers reserve the right to edit or delete any comments.
0 COMMENTS
FREE DOWNLOAD

FREE DOWNLOAD

BNSF Railway's Willow Springs Intermodal Yard 

SEE INSIDE THIS ISSUE

Learn more about the stories and photos in this months issue

Newsletter Sign-Up

By signing up you may also receive occasional reader surveys and special offers from Trains magazine.Please view our privacy policy
Subscribe Up To 54% off the newsstand price!
Subscribe To Trains Mag Today
+