01/29/2015 11:56 EST | Updated 03/31/2015 05:59 EDT

Train de l'Ouest backers hopeful for West Island rail by 2020

Longtime advocates for the Train de L'Ouest say they're "delighted" by a new partnership funding between the province and the Caisse de dépôt et placement du Québec​ that could see the long-delayed project finally happen.

"We know the project is going to go ahead. The money is there," said Clifford Lincoln, spokesperson for the Train de l'Ouest Coalition said at a news conference in Pointe-Claire this morning. 

In a statement issued just prior to the news conference, the coalition said:

"The train de l'Ouest Coalition enthusiastically welcomes the Government of Quebec's recent announcement that it is calling on the expertise of the Caisse de dépôt et placement du Québec to finance and manage major infrastructure projects, including the Train de l'Ouest."

The Quebec government announced earlier in January its plan to have the Caisse de dépôt take over the financing and ownership of infrastructure projects, beginning with public transit.

The Train de l'Ouest project would be a dedicated passenger line between downtown Montreal and Ste-Anne-de-Bellevue.

"If the money is possible, we would like to continue the train to Hudson," said Lincoln.

Advocates say it would serve 400,000 people.