TORONTO/MONTREAL (Reuters) - Canadian pension fund Caisse de depot et placement du Quebec said on Friday that it would invest C$3 billion ($2.36 billion) in a new public transport network in Montreal, the third largest of its kind in the world.
The network will link downtown Montreal, the South Shore, the West Island, the North Shore and Montreal's airport in a 67 km (41.6 miles) light rail transit system comprising 24 stations which will be operating 20 hours a day, seven days a week.
The C$5.5 billion project, a public-private partnership would require the remaining C$2.5 billion investment to come in funding from the governments of the province of Quebec and Canada, the Caisse said in a statement.
...Bombardier Inc ...said Friday it would consider bidding on the Quebec project. [...]