Canadian pension fund wants to build Auckland's $6b modern tram project

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A Canadian pension fund wants to roll up its sleeves and roll out Auckland's $6 billion modern tram project capable of moving 11,000 commuters an hour reports Bernard Orsman for NZ Herald.

CDPQ, with funds of about $350b worldwide, has teamed up with the NZ Super Fund to form an international consortium and submitted an unsolicited proposal to the Government. Ideally, CDPQ would like to be consulting shortly with business owners on Dominion Rd and other places where modern trams - also known as light rail - will run, but first it has to be selected for the job.

Jean-Marc Arbaud, CDPQ's deputy managing director of infrastructure, told the Herald that Quebec's pension fund wants to design, build, own and operate light rail in Auckland. . . . .>