Pension Fund-Run Rail Job Starts Work, Despite Concerns

摘要

Construction and planned operation of a $5.3-billion Montreal light rail system by Quebec's giant public pension fund has the potential to be a landmark development in public-private infrastructure projects.Montreal-based Caisse de depot et placement du Quebec has been given sweeping authority over the project by city and provincial authorities to select the 67-kilometer line's route and manage its operation and maintenance when it is set to open, beginning in 2021.