Montreal's transport plans

Canadian city Montreal will invest US$$538 million (C$550 million) for infrastructure development at the eastern end of the city. Some of the funding will be used to decontaminate polluted industrial segments in the area, while the city will also provide annual funding for the Plan d'action de l'Est between 2011 and 2017. A key portion of the development project will be for the construction of the Pie IX rapid-transit corridor, which is scheduled to be completed by 2017. However, in order to finance the ove
April 25, 2012 Read time: 1 min
Canadian city Montreal will invest US$$538 million (C$550 million) for infrastructure development at the eastern end of the city. Some of the funding will be used to decontaminate polluted industrial segments in the area, while the city will also provide annual funding for the Plan d'action de l'Est between 2011 and 2017. A key portion of the development project will be for the construction of the Pie IX rapid-transit corridor, which is scheduled to be completed by 2017. However, in order to finance the overall project, the city will need further funding from public and private sources.

Related Content

  • EIB aids funding for Poland's A2
    July 12, 2012
    The European Investment Bank (EIB) will help funding of the A2 highway project in Poland, which has faced financing problems due to the economic crisis. The EIB is making an exception to its usual policy by granting to Polish company Autostrada Wielkopolska credit that covers over 50% of the costs of the construction work for a highway section. The EIB will provide €1 billion for the A2 investment and to create an option of an additional €200 million. The total value of the investment, which is expected to
    Read More
  • MPA survey shows 'some growth'
    March 15, 2012
    A Mineral Products Association (MPA) survey results for the fourth quarter of 2011 indicate that while overall industry markets were broadly positive during 2011,
    Read More
  • A new tunnel project for Turkey is a significant move
    December 12, 2012
    The European Bank for Reconstruction and Development (EBRD) is supplying a finance package worth US$150 million for the new Bosphorus crossing project in Turkey. Running under the Bosphorus at Istanbul, the new tunnel will connect both European and Asian sides of the city. The EBRD’s $150 million loan completes $1.4 billion worth of financing required for the Eurasia Tunnel project, being built under the Bosphorus straits. Other components of the $1.4 billion financing package for this PPP project include a
    Read More
  • New road links will cut congestion in St Petersburg
    June 20, 2016
    Road building will solve the problem of traffic jams in St Petersburg – Eugene Gerden writes The authorities in Russian city St Petersburg plan to solve the problem of traffic jams in the city during the next few years. The strategy is expected to be achieved through road building and the improvement of transport connections between different districts in the city. Implementation of these plans will take place as part of the decree 355 "Of the Strategy of St Petersburg Economic and Social Development
    Read More

Highlighted Content