VIA Rail Canada seeks public-private partnership

June 30, 2015

Via Rail is attempting to attract money from institutional investors like the Caisse de dépôt et placement du Québec to help generate private investments worth $3 billion for its railway infrastructure.

The Crown corporation expressed its desire to start a public-private partnership to improve its rails and increase the train frequency between Toronto, Ottawa and Montreal.

On Tuesday morning, Via Rail president Yves Desjardins-Siciliano outlined the company’s strategy and outlined its recent successes in other parts of the country.

Aside from the Caisse de dépôts, other institutions like the Ontario Teachers’ Pension Plan and Omers have shown interest in Via Rail’s project.

 

Read the complete story from Presse Canadienne in the Montreal Gazette by clicking here.

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