The Canada Infrastructure Bank (CIB) has announced that it will work with the Montreal Port Authority (MPA) to advance the project development of a ne..."> The Canada Infrastructure Bank (CIB) has announced that it will work with the Montreal Port Authority (MPA) to advance the project development of a ne...">

Canada Infrastructure Bank inks agreement with Port of Montreal

The Canada Infrastructure Bank (CIB) has announced that it will work with the Montreal Port Authority (MPA) to advance the project development of a new container terminal in Contrecoeur, where the port plans to expand its activities. 

The Memorandum of Understanding confirms that CIB and MPA will work on the financial structuring of the proposed terminal. This due diligence will include planning and pre-procurement activities for the design, the construction, the financing, the operation and the maintenance of the terminal. CIB’s work could lead to an investment in the project, subject to all standard due diligence and decision making.


The terminal in Contrecoeur is expected to enhance the port’s infrastructure that supports the flow of goods from container ships and increases current and future capacity for the next decades.


"This commitment by the Canada Infrastructure Bank is a key milestone in the progress of our project towards its completion. This collaboration with this new partner confirms the national importance of our project, whose purpose is to support the growth of international trade for Canada.” Sylvie Vachon, President and CEO of the Montreal Port Authority.

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