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Yesterday, Railpower Technologies Corp. announced plans to build a locomotive assembly plant in Saint-Jean-sur-Richelieu, Quebec.

The facility's first phase will include 55,000 square feet of production space and 4,000 square feet of office space. The plant will be equipped with state-of-the-art manufacturing and testing equipment for Railpower's locomotive line, including GenSet switchers and other environmentally friendly models.

"For the first time in its history, Railpower will own a dedicated, world-class manufacturing facility capable of building the world's leading high-efficiency locomotives," said Railpower President and Chief Executive Officer José Mathieu in a prepared statement.

The Ontario Teachers Pension Plan — which earlier this year invested $35 million in Railpower — has agreed to provide $20 million to help the company finance the plant's construction and the cost to build additional demonstration locomotives.