How a pension fund ended up proposing an infrastructure project
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References & Sources
[1] https://rem.info/en/news/6-maps-help-understand-rem#:~:text=With%20its%20total%20length%20of,of%20the%20Greater%20Montr%C3%A9al%20area. [2] https://www.thecanadianencyclopedia.ca/en/article/toronto-subway#:~:text=The%20Toronto%20subway%20system%2C%20including,total%20length%20of%2076.5%20km. [3] https://en.wikipedia.org/wiki/List_of_North_American_rapid_transit_systems_by_ridership [4] https://www.pionline.com/article/20151210/ONLINE/151219992/10-largest-canadian-public-pension-funds-assets-top-1-trillion-report [5] https://web.archive.org/web/20110706202230/http://www.richmond.ca/__shared/assets/Canada_Line_Info_Bulletin_1413140.pdf [6] https://www.politico.com/states/new-york/albany/story/2018/03/15/final-cost-of-tappan-zee-bridge-could-blow-past-budget-317750 [7] https://www.wsp.com/en-GL/careers [8] Montreal 1970 length, Toronto, Vancouver, Calgary, Edmonton, Ottawa vs 1980, 1990, 2000, 2010, 2020 [9] https://www.lapresse.ca/actualites/grand-montreal/201301/20/01-4613207-un-train-leger-sur-le-nouveau-pont-champlain.php [10] https://rem.info/fr/actualites/la-vraie-facture-du-rem [11] https://rem.info/en/deux-montagnes-line [12] https://ici.radio-canada.ca/nouvelle/537141/tunnel-mont-royal-etude-securitaire-amt [13] https://rem.info/en/deux-montagnes-line [14] https://plus.lapresse.ca/screens/e5f117c7-6634-43e8-aecb-1f275d9d4155__7C___0.html [15] https://www.legisquebec.gouv.qc.ca/en/document/cs/R-25.02 [16] https://library.pppknowledgelab.org/documents/4699/download “Land acquisition can be one of the most challenging aspects of developing a PPP project. Delays in obtaining land have created significant hurdles or even blocked some promising PPP projects.” [17] https://www.artm.quebec/wp-content/uploads/2022/02/GU_GuideApplication_ed07_20220211_va.pdf “Transportation dues zones correspond to a circle having a one-kilometre radius from each station of the REM” [18] https://www.artm.quebec/grands-projets/reseau-express-metropolitain-rem/ [19] https://rem.info/en/partners Q $1.283/18.6% C $1.283/18.6% HQ $0.295/4.3%, Casse: $4.039/58.5%): [20] https://rem.info/sites/default/files/document/2018-04-23-SummaryEN-AgreementFR_0.pdf (p13) [21] https://www.institutionalinvestor.com/article/b1505qtb21m06x/no-longer-the-dumb-money [22] https://rem.info/sites/default/files/document/2018-04-23-SummaryEN-AgreementFR_0.pdf