Réseau express métropolitain (REM)

Sector(s)
Public Transit
Location(s)
Greater Montreal Area
Participation
$1.28 Billion (financial close)
Partner(s)
CDPQ Infra, Government of Quebec

Building a sustainable transportation network for the Greater Montreal

The $6.3 billion Réseau express métropolitain (REM) project involves construction of a new automated light-rail network serving the greater Montreal area. It will include 26 stations and span 67 km of tracks, almost doubling the current Métro network, which is 71 km long.

Fast facts

26 accessible stations
3 connections to the subway system
Downtown to airport in 20 minutes
100% electric and automated

The REM is the largest public transit project undertaken in Québec in the last fifty years. The network will be gradually put into service in 2022-2023.

Our investment commitment includes the following elements:

  • Interest rate on the loan starting at 1%, escalating to 3% over the 15-year term
  • The loan commitment bridged construction and ramp-up risks
  • Adjustments were made to the route to minimize environmental impact
  • An agricultural land trust will be created bordering the Rive-Sud Terminal station to protect agricultural land and limit urban sprawl

Benefits of CIB involvement

This investment supports sustainable development and reduced greenhouse gas emissions. Once in service, REM will contribute to decreasing 680,000 tonnes of greenhouse gases (GHGs) though twenty-five years of operation. The project will also help reduce vehicle congestion in and around Montreal.

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CDPQ Infra

We are very pleased to welcome the Canada Infrastructure Bank as a partner in the REM project. With this $1.28-billion investment, the REM’s financing is now fully completed. The construction of the project is progressing well and will intensify in the fall.

Macky Tall, President and CEO