CIB invests in Montreal Metropolitan Airport
By Adam FreillConstruction Infrastructure
CIB, Macquarie and Porter partnership to develop new terminal is expected to support increased travel demand for Montreal.
The Canada Infrastructure Bank (CIB) is investing $90 million in a new domestic passenger terminal at MET – Montreal Metropolitan Airport. The terminal development project at the airport formerly known as the Saint-Hubert Airport is a partnership between Macquarie Asset Management and Porter Aviation Holdings Inc.
The CIB says its investment will enable the development of a new domestic airport terminal to enhance mobility options for Canadians travelling to and from the Montreal area, while supporting economic opportunities in the Greater Montreal region.
Located 15 kilometres from Montreal, the Montreal Metropolitan Airport project includes construction of a new standalone 21,300-square-metre two-storey domestic terminal with nine gates, associated taxiways, and landside facilities such as parking lots with barrier-free parking spaces, EV charging stations, and shuttle bus pick-up and drop-off points.
Additional landside facilities will include terminal frontage roads, road connection from the property boundary to long-term parking lots, landscaping, and an aviation fuel farm.
The terminal is expected to meet forecasted growth of up to four million passengers per year. Construction is scheduled to be completed by fall 2025.
“Airports connect Canadians and are key drivers of economic growth. Representing the CIB’s third investment in airport infrastructure, our loan will enable the development of the new terminal at MET – Montreal Metropolitan Airport, having a positive impact on the greater Montreal area’s economy, while providing passengers across Canada greater access to and from our second-largest city,” stated Ehren Cory, CEO of Canada Infrastructure Bank.
“CIB shares our objective of developing high-quality infrastructure in the Montréal metropolitan area. We look forward to working with CIB, Porter and other key stakeholders to ensure this important project is a success,” added Karl Kuchel, CEO of Macquarie Infrastructure Partners.
Porter Airlines will operate at MET using a combination of Embraer E195-E2 and Dash 8-400 aircraft, serving cities across Canada. The new terminal will also be open to other airlines, including Pascan Aviation’s network of existing regional Quebec flights.
“Attracting a strong partner like CIB demonstrates the value and appeal of the terminal development at Montréal Metropolitan Airport,” said Michael Deluce, president and CEO of Porter Aviation Holdings Inc. “It will become a showcase of transportation infrastructure for the region that serves the community for decades to come.”