Bill for the REM: $9.4 billion
The bill for the REM is now $9.4 billion.
And it isn’t going to be running this weekend – maintenance downtime.
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Kate
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Sam 09:18 on 2024-11-21 Permalink
remind me again is it our direct tax dollars that are paying for it or only those tax dollars that are invested in the Quebec Pension Plan.
rob 10:35 on 2024-11-21 Permalink
@Sam, both. https://rem.info/en/partners
The contracts guarantee them profits (since when is public services supposed to be profitable?)
anton 06:13 on 2024-11-22 Permalink
capital funds are quarter Quebec, quarter federal, rest CDPQ funds. But there’s a bunch of taxes going to the REM, and there’s ongoing fees the ARTM has to pay to CDPQInfra (the REM gets several times the subsidies per passenger km compared to the metro/stm).