Construction and planned operation of a $5.3-billion Montreal light rail system by Quebec’s giant public pension fund has the potential to be a landmark development in public-private infrastructure projects.
Montreal-based Caisse de dépôt et placement du Québec has been given sweeping authority over the project by city and provincial authorities to select the 67-kilometer line’s route and manage its operation and maintenance when it is set to open, beginning in 2021.