Québec government confirms financial commitment: a major step forward for the REM project
Confirmation of the Government of Québec’s financial participation allows CDPQ Infra to further refine its financial structure. La Caisse’s investment amounts to $2.67 billion, or 51% of the project’s share capital. La Caisse has proposed a $1.28-billion investment to the Canadian government, representing 24.5% of the share capital, which is currently under discussion.
The agreement with the Government of Québec also establishes return thresholds and the mechanism for sharing dividends between la Caisse and the government. A financial information note explaining these elements is available on the Caisse and CDPQ Infra websites at: http://bit.ly/2nfV2j4
Key figures can be found at: http://bit.ly/2ovjU6P
About CDPQ Infra
CDPQ Infra is a wholly-owned subsidiary of Caisse de dépôt et placement du Québec and is responsible for developing and operating infrastructure projects, including the Réseau électrique métropolitain (REM). The REM is a new, integrated 67-km public transit network intended to link downtown Montréal, the South Shore, the West Island (Sainte-Anne-de-Bellevue), the North Shore (Laval and Deux-Montagnes) and the airport through an entirely automated and electric light rail transit (LRT) system. For more information on CDPQ Infra, visit cdpqinfra.com, follow us on Twitter @CDPQInfra or consult our Facebook pages. For more information on the REM.
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