MONTREAL – The federal government and other contributors have announced $500 million in support towards construction of the $600-million REM station at the Montreal-Trudeau International Airport.
The project will be led by Aeroports de Montreal, stated a recent release.
Transport Canada has pledged $100 million in funding as part of a program to support large airports; the Quebec government will provide a repayable loan of up to $100 million to Aeroports de Montreal; the Canada Infrastructure Bank, which previously committed funding of $1.3 billion, will lend up to $300 million; and Aeroports de Montreal will contribute $100 million.
Aeroports de Montreal has already spent $45 million during the preparatory phase of the station’s construction, an allocation that is considered part of the organization’s contribution.
The REM is a light rail transit network currently under construction in Greater Montreal. The system will have 26 stations providing service between downtown Montreal and the Montreal–Trudeau International Airport.
“Today’s announcement…demonstrates our commitment to this critical Montreal project and to the importance of integrating the airport to the broader public transit system,” stated federal Minister of Infrastructure and Communities Catherine McKenna in a statement. “We look forward to continued investments in public transit in Quebec that reduce congestion, create jobs and economic growth, tackle climate change and improve the lives of Quebecers.”