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Canada's 2nd biggest pension fund finances building of public transit system

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Canada's 2nd biggest pension fund finances building of public transit system

The Caisse, which is Canada's second-biggest pension fund, is funding and overseeing the building of a new public transit system in Montreal, with the length of 67 kilometers, Reuters reports on Monday.


This infrastructure project represents the world’s 3rd largest automated transportation system after Dubai and Vancouver. The Caisse is among the world's biggest infrastructure investors, engaged in direct investing in the asset class.

According to Reuters’ sources, the Caisse's undertaking is considered by competitors as a test case, because the company considers funding of major new infrastructure projects planned by Canadian government.

It’s expected that within the framework of the project, the first trains will start running in 2020.

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