Porter Aviation (PAHI) is entering a partnership with Macquarie Asset Management (MAM) to support development of the previously announced passenger terminal at Montréal Saint-Hubert Airport (YHU). A new company, Partenaires d'infrastructure YHU (Québec) / YHU Infrastructure Partners (Québec), is being formed under joint Porter and MAM ownership to develop the terminal. A local management team will operate the facility upon completion.
Construction PCL (PCL) has also been selected as the general contractor for the passenger terminal. Work will commence in August, with a scheduled completion by mid-2025.
"Macquarie and PCL are well-positioned as partners to develop a state-of-the-art passenger terminal at Saint-Hubert," said Michael Deluce, president and CEO, PAHI. "These relationships further strengthen the project and will result in a distinct terminal where passengers will genuinely enjoy their experience."
The investment in YHU adds to MAM’s global airport and airport-related infrastructure experience, which includes current investments in the operators of Mariscal Sucre International Airport in Ecuador; El Dorado International Airport in Colombia; Aberdeen, Glasgow, Farnborough and Southampton Airports in the United Kingdom; and North Queensland and Perth Airports in Australia.
"We are excited to expand our investment footprint in the Americas through partnering with Porter to deliver high-quality infrastructure to the Montréal region," said Karl Kuchel, CEO of Macquarie Infrastructure Partners. "We look forward to working with key airport stakeholders including the local community to make this important project a success."
The passenger terminal is designed to be 21,000 sq.m. (225,000 sq.ft.) with nine bridged aircraft gates, and an “overall modern design aesthetic”. All building systems are expected to operate fully on electric power.