Writing for the Washington Post, Alan Freeman says that while infrastructure plans in the United States have stalled, similar plans in Canada are proceeding.
He points to the new commuter train network planned for Montreal as an example of infrastructure development in action in Canada, and of the strategy to involve non-government money to help pay the costs – in this case the Caisse de Dépôt et Placement du Québec, “the province’s giant pension fund manager.”
“Caisse de Dépôt … is spearheading construction of the $6 billion, 42-mile light-rail network and will own 51 percent of the system when it starts operating as planned in 2020. And it expects to make a decent return on the venture,” writes Freeman, adding the “decision by one of the country’s biggest pension fund managers to take the lead in developing a transit system from scratch is part of Canada’s effort to tackle its infrastructure problems with a two-pronged approach.”
That approach sees government funding of projects enhanced by the private sector and big institutional investors, he continues.
More: Canada also pushing ahead with infrastructure bank.

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