Réseau électrique métropolitain (REM): ridership study confirms preliminary data
Montréal, November 17, 2016 – In an article published today, La Presse columnist Francis Vailles suggests that a ridership study for the future Réseau électrique métropolitain (REM) project indicates limited interest in the REM on the part of drivers and existing public transit users, resulting in lower-than-expected ridership. This is inaccurate.
The survey on which Mr. Vailles focuses his column represents a small, subjective part of a much broader study of the REM’s anticipated ridership, one based on international comparisons of similar projects. The study conducted by SDG incorporates the results of this survey in its analysis, and concludes that after an initial phase of gradual adoption, the REM will see close to 167,000 trips per day, approximately doubling current public transit ridership. These figures confirm and refine the preliminary ridership data, and form a rigorous basis to support the financing of the REM. The complete SDG ridership study thus confirms CDPQ Infra’s projections and the value of a long-awaited project that meets clearly-identified needs and that will provide major benefits for the Greater Montréal area.
About CDPQ Infra
CDPQ Infra aims to effectively and efficiently carry out major public infrastructure projects. Established in 2015, CDPQ Infra invests for the long term in tangible assets that generate stable, predictable returns for the depositors of Caisse de dépôt et de placement du Québec. It is a subsidiary of Caisse de dépôt et de placement du Québec (cdpq.com), one of Canada’s leading institutional fund managers. For more information on CDPQ Infra, visit cdpqinfra.com, follow us on Twitter @CDPQInfra or consult our Facebook pages.
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