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How Montreal Built a Blueprint for Bargain Rapid Transit
Bloomberg
10/30/2023
TL;DR
Montreal's new rapid transit line, called the REM, saved millions per mile through a unique procurement strategy. By bundling design, construction, financing, operations, and maintenance into a single contract, the REM was able to achieve cost savings and operational efficiencies. This approach could serve as a model for other transportation projects looking to reduce costs and improve overall efficiency.
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