Contrecoeur Port Terminal

Sector(s)
Trade & Transportation
Location(s)
Montreal, Quebec
Participation
Up to $300 million
Partner(s)
Montreal Port Authority

Increase capacity to support economic development of Greater Montreal

The new Contrecoeur Port Terminal will increase container handling capacity and meet forecasted demand from international shippers.

Fast facts

Job creation with increased handling capacity
Meet future international demand
Contributes to the economic development of Greater Montreal
Support Canada’s industrial heartland in Quebec and Ontario

The container market at the Port of Montreal has been growing for more than 50 years. It is the largest port in Eastern Canada, handling more than 1.6 million containers in 2018. The new Contrecoeur Port Terminal will increase container handling capacity and meet forecasted demand from international shippers.

The new terminal will help exporters get products to market more quickly, support economic growth and Canada’s international trade. It will modernize the infrastructure that supports the flow of goods from container ships and reduce current capacity issues.

The new terminal also supports the Montreal Port Authority’s mission of contributing to the economic development of Greater Montreal and supporting Canada’s industrial heartland in Quebec and Ontario.

The Montreal Port is the shortest direct route from Europe and the Mediterranean to North America. By using Montreal’s ports, businesses have access to 40 million consumers within one trucking day and 70 million consumers within two rail days.

Benefits of CIB involvement

Our involvement helps transfer construction and traffic risk to the private sector through a design, construction, financing, operation and maintenance agreement. We would provide the private partner selected by the Port of Montreal with long-term capital during the construction period and the revenue growth period. When the terminal reaches a level of profitability, the CIB's loan will be fully repaid under the terms of the agreement.

Learn more

Port of Montreal

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
Chamber of Commerce of Metropolitan Montreal

We welcome the commitment of the CIB to support the realization of a highly strategic project for the Greater Montreal. This commitment reflects the importance of the Port of Montreal's expansion in Contrecoeur for the economic growth of the city and of Canada as a whole.

Michel Leblanc, President and CEO
Federation of Quebec Chambers of Commerce

Announcement this morning of the collaboration agreement between @cib_en and @PortMTL for a possible investment for the container terminal, represents a step further for the advancement of expansion projects to #Contrecoeur

Via Twitter