The governments of Canada and Quebec gave the green light to the rehabilitation and development of the Outremont rail yards in Montreal. The total estimate of the project is C$120 million (US$117,016,080). The Government of Canada has earmarked up to C$30 million (US$29,254,020) for the project from the major Infrastructure component of the Building Canada Fund. The province will provide a further C$30 million (US$29,254,020), while Montreal will contribute C$60 million (US$58,508,040). Federal funding will be granted on condition that the project satisfies all federal eligibility requirements for the Building Canada Fund and that the Government of Quebec signs a contribution agreement.