In part two of this deep dive, Riccardo, Emily Moore, Pouya Zangeneh, and Rob Pattison continue unpacking Montreal’s REM (Réseau express métropolitain)—this time zooming in on what the project’s risk decisions reveal about long-term infrastructure delivery.
The group digs into a key point that often gets lost in public conversations about mega-projects: risk doesn’t disappear, it just shifts hands. CDPQ Infra’s willingness to absorb ridership and cost-overrun risk prompts a broader discussion about what it means to plan on a decades-long horizon and why “designing for the bad years” may be a defining feature of resilient infrastructure.
They also discuss the role of regulation and professional judgment: whether success comes from pushing limits or from rethinking policies that no longer serve their intended purposes. They explore how contract structures, interface management, and invested technical expertise on the owner side can influence outcomes more than any single procurement model.
Finally, the panel returns to the big question raised in part one: Is the REM model replicable? The answer requires examining the enabling conditions, including trust, governance, political courage, and public tolerance.
Key Takeaways:
- Why absorbing risk isn’t unique but long-horizon thinking is;
- What happens to contingency planning when owners accept the inevitability of “bad years”;
- The important difference between pushing the limits and reconsidering the rules;
- How looking beyond a single capital line item toward lifecycle outcomes secures project success;
- Why the “stupid owner” model has a tendency to fail and how successful project owners avoid it.
Quote:
“The problem around the world…is the stupid owner movement: ‘Pass all the risk to the contractor. Call me when you're done.’ It doesn’t work. You need invested experts on the owner side.” - Robert Pattison
The conversation doesn’t stop here—connect and converse with our community via LinkedIn:
- “Montreal’s REM Project: Executive Summary of Replicable Elements”: https://drive.google.com/file/d/1PEyOyfVgetRiN8sGJ_07QfM9U7wFcFKo/view?usp=drive_link
- Listen to part 1 of this discussion: https://navigatingmajorprogrammes.transistor.fm/s4/5
- Season 3 panel on Public-Private Partnerships, Part 1: https://navigatingmajorprogrammes.transistor.fm/s3/56;
- Season 3 panel on Public-Private Partnerships, Part 2: https://navigatingmajorprogrammes.transistor.fm/s3/57
- Follow Navigating Major Programmes: https://www.linkedin.com/company/navigating-major-programmes/
- Read Riccardo’s latest at www.riccardocosentino.com
- Follow Riccardo Cosentino: https://www.linkedin.com/in/cosentinoriccardo/
- Follow Emily Moore: https://www.linkedin.com/in/emily-moore-7483311/
- Follow Pouya Zangeneh: https://www.linkedin.com/in/pouya-zangeneh-00537026/
- Follow Robert Pattison: https://www.linkedin.com/in/robsdoor/