4 LEXPERT
|
2018
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WWW.LEXPERT.CA
IF THERE'S ANY doubt that public-private partnerships (P3s) are bea-
cons of innovation, the emergence of Montréal's $6.3-billion Réseau express
métropolitain (REM) should silence the skeptics.
e REM is a new, integrated, fully automated transportation network
linking Montréal, the South Shore, the West Island, the North Shore and the
airport. When completed, the 26-station, 67-kilometre long network will
be one of the largest automated transportation systems in the world behind
only Singapore, Dubai and Vancouver. It's the largest public transportation
Infrastructure project in Montréal since the Métro was inaugurated in 1966.
Completion of construction, which began in April, is scheduled for 2021.
Driving the REM is a P3. Well, perhaps not a P3 as Canada has come to
know the model, but a P3 nonetheless. e brainchild of the Caisse de dépôt
et placement du Québec and its subsidiary CDPQ Infra, founded in 2015
and dedicated to Infrastructure development and management, the REM
THE EVOLUTION
OF P3s
By Julius Melnitzer
INNOVATION
P3s
are providing
"unique innovation
opportunities"
for governments
at all levels to deliver
Infrastructure
projects
PHOTO:
COURTESY
OF
THE
CANADIAN
COUNCIL
FOR
PUBLIC-PRIVATE
PARTNERSHIPS.