Building a sustainable transportation network for the Greater Montreal Area
The 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
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 2.5M tonnes of greenhouse gases (GHGs) though twenty-five years of operation. The project will also help reduce vehicle congestion in and around Montreal.
Learn more
Disclaimer: Canada Infrastructure Bank, in its sole and absolute discretion, may choose to make available amendments, revisions, modifications or replacements to this website. This page will remain open for further revision, modification, replacement or cancellation by Canada Infrastructure Bank at any time and in no event shall Canada Infrastructure Bank be responsible or liable, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on the content of this website. Images courtesy of REM.
