MONTREAL: Railpower Technologies Corp. has announced plans for a locomotive assembly plant in Saint-Jean-sur-Richelieu, east of Montreal.
The maker of hybrid locomotives, headquartered in suburban Brossard , Que., said the factory will create 125 jobs.
Railpower said the Ontario Teachers' Pension Plan, which invested $35 million in the company earlier this year, providing a $20-million convertible debenture to finance the factory construction and build additional demonstration locomotives.
The plant at St-Jean-sur-Richelieu will initially have 55,000 square feet of production space and 4,000 square feet of offices, with plans for future expansion.
Investment Quebec has granted Railpower a subsidy of up to $2.5 million.