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Qualified groups announced for REM project

Posted on November 11, 2016
CDPQ Infra, subsidiary of Caisse de dépôt et placement du Québec, has announced the companies and consortiums that qualified as part of the qualification process for the completion of the Réseau électrique métropolitain (REM) project. Qualified companies and consortiums will have the opportunity to participate in the international call for proposals process for two major contracts: the first for infrastructure engineering, procurement and construction (EPC contract) and the second for provision of rolling stock, systems and operation and maintenance [...]

Gatineau raises taxes to tackle infrastructure

Posted on November 11, 2016
The Quebec municipality of Gatineau has announced that it will introduce a one per cent tax increase to help pay for the city’s growing infrastructure needs. According to an article from the CBC, the city implemented an aggressive system of tax, fee, fine increases in order to manage significant infrastructure rehabilitation needs throughout Gatineau. Overall, the city will dedicate $95.6 million of $577 million 2017 budget to public works. In addition to the new one per cent tax, municipal council also approved a 1.9 per cent property tax increase [...]

Montreal releases key performance indicators data

Posted on November 2, 2016
The chair of the Montréal Executive Committee, Pierre Desrochers, and the vice-chair of the Executive Committee responsible for the administrative reform, Smart City, information technologies and youth, today made public the analyzed results of 148 performance indicators for 2015. Across Canada, with respect to the 2015 median of the five comparable Canadian cities that are members of Municipal Benchmarking Network Canada (MBNC), results indicate that Montréal has achieved better performance or equivalent performance in 61 per cent of cases. An analysis [...]

Fonds de solidarité FTQ to Invest $400M in Infrastructure

Posted on April 28, 2016
In a speech this month to the members of the Board of Trade of Metropolitan Montreal, Fonds president and CEO Gaétan Morin unveiled the results of the strategic planning dedicated to Quebec's economic growth that will see it invest $3 billion in the Quebec economy by 2020—including $400 million in infrastructure projects. The Fonds will deploy $400 million to fund small and medium-sized real estate socio-economic infrastructure projects, such as schools, student residences, libraries and sports complexes. Projects will be developed in partnership with [...]

La Caisse Proposes $5.5B, 67-km LRT System for Montreal

Posted on April 27, 2016
CDPQ Infra, a subsidiary of la Caisse de dépôt et placement du Québec, unveiled plans for its Réseau électrique métropolitain (REM), an integrated public transportation project. As proposed, the REM will link downtown Montréal, the South Shore, the West Island, the North Shore, and the airport with a 67-kilometre light rail transit (LRT) system composed of 24 stations. Once completed, the REM will be the third largest automated transportation system in the world after Dubai (80 kilometres) and Vancouver (68 kilometres), and just ahead of Singapore [...]

Canada Invests $170M in Quebec’s Historic Canals

Posted on March 23, 2016
Environment and Climate Change Minister Catherine McKenna has announced an investment of more than $170 million to protect and preserve Parks Canada’s five historic canals in Quebec. This investment will be used to conduct reconstruction work on the walls of the Lachine Canal, on the impressive lock of the Carillon Canal, and on the locks and bridges of the Chambly Canal. The funding will also be allocated to rehabilitate and reconstruct heritage-value buildings—such as the Chambly Canal superintendent’s house—and to build structures that preserve [...]

Top100 Released: Eglinton Crosstown LRT Now Largest Project in Canada

Posted on January 11, 2016
TORONTO, Jan. 11, 2016 – Canadian mega-project spending continues to rise. The value of the country’s 100 biggest public infrastructure projects has grown to $161.3 billion, a modest increase over 2015’s $157.9 billion, according to ReNew Canada, which today released its 10th annual Top100 Projects report. The web version can be accessed at Toronto’s $9.1-billion Eglinton Crosstown LRT is this year’s new No. 1 public infrastructure project, overtaking the $8.775-billion Site C hydroelectric energy development [...]

SNC-Lavalin Signs Agreement Under New Integrity Regime

Posted on December 12, 2015
SNC-Lavalin has signed an administrative agreement with Public Services and Procurement of the Government of Canada (PSP) under the Government of Canada’s new Integrity Regime. The administrative agreement allows companies—that have federal charges pending against them—to continue to contract with or supply the Government of Canada. “This is another example of our commitment to move forward. I thank PSP for recognizing SNC-Lavalin’s significant efforts and dedication to continuous improvement in ethics and compliance, which have allowed us to [...]

Caisse Acquires 30% Stake in Bombardier Transportation

Posted on November 19, 2015
Bombardier has entered into a definitive agreement with Caisse de dépôt et placement du Québec (CDPQ) for a $1.5-billion convertible share investment in Bombardier Transportation’s newly created holding company, Bombardier Transportation (Investment) UK Ltd. (BT Holdco). Under the terms of the agreement, CDPQ will acquire shares of BT Holdco convertible into a 30% common equity stake of BT Holdco, subject to annual adjustments related to performance. The transaction will be executed through a private placement and values Bombardier Transportation [...]

SNC-Lavalin Appoints Neil Bruce as President and CEO

Posted on September 15, 2015
SNC-Lavalin announced yesterday that, effective October 5, 2015, Neil Bruce will become president and CEO, and a member of the board of directors, succeeding Robert G. Card. "The upcoming handover and smooth transition from Bob Card to Neil Bruce, currently COO, comes at an important stage in SNC-Lavalin's development," stated Lawrence Stevenson, chairman of the board of directors. "Bob's tenure left a strong legacy during a critical time for the company, with a far-reaching transformation that changed the face of the executive team, repositioned the company [...]
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