Quebec’s provincial government and the City of Montreal are taking over a controversial rapid transit project from Quebec’s pension fund manager.
Premier François Legault said today it’s clear there’s no public support for an elevated railway in downtown Montreal.
Legault says that without the downtown section of the rail line, the Caisse de dépôt et placement du Québec no longer believes it can make a profit from the project and has pulled out.
The cost of the REM de l’Est had been projected at $10 billion, but Legault says it’s too early to estimate the new price tag.
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