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Canada Infrastructure Bank invests in Montreal Metropolitan Airport

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The Canada Infrastructure Bank (CIB) is investing $90 million in the new domestic passenger terminal at MET – Montreal Metropolitan Airport (YHU), formerly known as the Saint-Hubert Airport.

This strategic investment, made in partnership with Macquarie Asset Management and Porter Aviation Holdings Inc., holds the promise of fostering greater mobility options for travelers to and from the Montreal area, while also catalyzing economic opportunities within the Greater Montreal region.

The Project Overview

Situated just 15 kilometers from Montreal, the Montreal Metropolitan Airport project is set to introduce a state-of-the-art standalone terminal spanning an impressive 21,300 square meters across two stories.

This modern facility will boast nine gates, along with meticulously planned taxiways and landside amenities to ensure a seamless travel experience.

Among these amenities are parking lots equipped with barrier-free parking spaces, electric vehicle (EV) charging stations, and strategically located shuttle bus pick-up and drop-off points.

Furthermore, the project includes the development of terminal frontage roads, road connections to long-term parking lots, extensive landscaping, and an aviation fuel farm, underscoring a commitment to sustainability and efficiency.

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Render of new Porter Airlines terminal at Montreal Airport.
Image Credit: CNW Group/CIB.

Meeting Future Demand

Anticipating a surge in passenger traffic, the terminal is designed to accommodate forecasted growth of up to four million passengers annually.

With construction scheduled for completion by fall 2025, the Montreal Metropolitan Airport is poised to emerge as a vital gateway for domestic travel, serving as a pivotal hub for both leisure and business travelers alike.

Airlines and Operations

Leading the charge in operations at the MET will be Porter Airlines, leveraging a fleet comprising Embraer E195-E2 and Dash 8-400 aircraft to connect various cities across Canada.

However, it’s important to note that the new terminal will not be exclusive to Porter Airlines, as it aims to welcome other carriers, including Pascan Aviation, thereby diversifying travel options and enhancing connectivity within the region.

CIB’s Role and Endorsements

Through its Trade and Transportation sector, the Canada Infrastructure Bank plays a crucial role in fostering robust trade and transportation corridors across the country.

By bridging crucial capital investment gaps, the CIB’s investment in the Montreal Metropolitan Airport terminal project paves the way for its realization, thereby facilitating economic growth and regional development.

Endorsing this initiative, key stakeholders have expressed optimism about its potential impact:

Ehren Cory, CEO of Canada Infrastructure Bank, highlights the positive economic impact and improved access to Montreal.

“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.”

The Honourable Pablo Rodriguez, Minister of Transport and Quebec Lieutenant, underscores the significance of providing locals with competitive travel options.

“By supporting the Montreal Metropolitan Airport, we are offering Quebecers competitive choices and services to find affordable flights to their favorite destinations from a convenient location in Longueuil.”

The Honourable Sean Fraser, Minister of Housing, Infrastructure, and Communities, emphasizes the terminal’s role in accommodating future passenger growth.

“With a forecasted growth of up to four million passengers a year, the new terminal will have greater capacity to welcome more visitors to this world-renowned destination.”

Geneviève Guilbault, Deputy Prime Minister and Minister of Transport and Sustainable Mobility, affirms the government’s commitment to supporting the airport’s growth trajectory.

“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.”

“The development of MET – Montreal Metropolitan Airport is one of the most impactful projects for Canada. It will provide citizens with a more efficient air transportation option and promote economic development of all our regions,” said Yanic Roy, President and Chief Executive Officer, MET – Montreal Metropolitan Airport.

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