The Canada Infrastructure Bank (CIB) is investing $90 million in the new domestic terminal at Montreal Metropolitan Airport (MET), a joint development project between the Macquire Asset Management and Porter Aviation Holdings. CIB’s investment (via its trade and transportation sector) fills what it describes as ‘a gap in the capital investment structure, allowing the project to move ahead’.
Construction of the new standalone 21,300 metre-squared two-storey terminal with nine gates, associated taxiways and landside facilities is scheduled to be completed by autumn 2025. Additional landside facilities will also include an aviation fuel farm.
“With investment like this we’re taking concrete action to meet Quebecers’ needs and provide them with transportation infrastructures that meet their expectations,” said Ehren Cory, CEO of Canada Infrastructure Bank. The terminal is expected to meet forecasted growth of up to four million passengers annually, and will be served by Porter Airlines amongst others.
“Future public and private investments will undoubtedly support an improvement in regional air service, for the benefit of Quebecers. Our government will continue to support the growth of MET,” added the Honourable Sean Fraser, minister of housing, infrastructure and communities.
CIB invests in new Montreal Metropolitan Airport terminal
