Citing 'value for money', Caisse extends bidding for REM electric-train project

Three weeks after saying they expected the process to be completed by the end of 2017, the agency tasked with overseeing bids for the construction of the Caisse de dépôt et placement’s $6-billion electric-train project has extended the bidding process to the end of January 2018.
CDPQ Infra, a subsidiary of the Caisse de dépôt, announced on Friday it has decided keep the tender process for the Réseau électrique métropolitain (REM) open and &ldq