POINTE-CLAIRE — Train de l’Ouest advocates hope the Caisse de dépôt et placements du Québec will fulfill its promise to finance the conception, construction and operations of a new rail service on the Vaudreuil-Hudson line.
The Caisse, Quebec’s pension fund manager, has promised in principal to finance part of the $1 billion price tag to build new tracks through the west island all the way to Vaudreuil.
It’s the only way to dramatically increase service and attract future riders outside of rush hour.
”They are going in there with their eyes open,” said Clifford Lincoln, the Train de l’Ouest spokesperson.
The Caisse has funded other mass transit projects around the world including investing $30 million in Canada Lines, the high-speed rail service linking downtown Vancouver with its airport.
And the Caisse owns 13 per cent of Heathrow Airport Holdings which runs a similar rail service between London and Heathrow airport.
While building and operating a future passenger rail service in Montreal is unprecedented, analysts say it is viable.
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