National

Caisse de depot to finance and develop Quebec infrastructure projects

Darpan News Desk The Canadian Press, 13 Jan, 2015 10:32 AM

MONTREAL — The Quebec government plans to have the Caisse de depot pension fund system take over the financing and ownership of infrastructure projects, starting with public transit.

The province says the approach will remove costly projects from its books and could be a model for other governments.

The Caisse manages provincial pension funds and is one of Canada's largest investment managers.

It will create a subsidiary that will plan, finance, develop and operate projects that have potential to generate returns for its clients.

The first two projects are a public transit system on Montreal's new Champlain Bridge and transit link between downtown Montreal and Trudeau International Airport on the city's West Island. The Caisse is aiming to complete the projects, worth $5 billion, projects before the end of 2020.

Other projects proposed by the government would be added and financed by equity investment and long-term debt.

The Caisse has more than 15 years of experience in infrastructure investment in Canada, Europe, the United States and Australia. In 2005 it was lead investor in the construction and operation of The Canada Line, the rapid-rail service connecting Vancouver Airport with the city's downtown.

Prev Next

MORE National ARTICLES

Fourteen-year-old Cali Bruce aims for record in long-distance charity swim to P.E.I.

HALIFAX - Cali Bruce will use memories of a cousin who battled cancer to motivate her as she swims across the normally choppy waters of the Northumberland Strait on Sunday in what could be a record-breaking effort for the 14-year-old girl.

Fourteen-year-old Cali Bruce aims for record in long-distance charity swim to P.E.I.

Tests OK, But First Nation Wants Long-Term Studies Before Consuming Fish

WILLIAMS LAKE, B.C. - Tests on water and trout in the waterways around a tailings pond breach in B.C.'s Interior remain within guidelines, but local First Nations aren't convinced the disaster won't have lasting repercussions.

Tests OK, But First Nation Wants Long-Term Studies Before Consuming Fish

Protesters Interrupt John Baird's Speech In London, Ontario

LONDON, Ont. - Protesters who oppose Canada's position in the Israel-Palestinian conflict interrupted a speech Friday by Foreign Affairs Minister John Baird in London, Ont.

Protesters Interrupt John Baird's Speech In London, Ontario

B.C. Aboriginal Leaders Meet To Talk Strategy Over Historic Land Claim Ruling

VANCOUVER - British Columbia's First Nations leaders are discussing whether they need to resolve their own territorial disputes in order to benefit from a landmark Supreme Court of Canada ruling.

B.C. Aboriginal Leaders Meet To Talk Strategy Over Historic Land Claim Ruling

Vancouver's B2Gold Reports Q2 Net Loss On Increased Gold Production

VANCOUVER - B2Gold Corp. says it's expecting another solid year for gold production while reporting about a four per cent increase in its second quarter.