(Financial Close)
Largest eastern port expansion in Canadian history
New container terminal to strengthen eastern trade gateway and expand capacity
Fast facts
The CIB is backing the largest eastern port expansion in Canadian history with a $1.16-billion loan to the Montreal Port Authority’s addition of the Contrecœur container terminal.
Identified by the federal government as a project of national importance, Contrecœur will expand container capacity through Canada’s eastern trade gateway as the Port of Montreal approaches its operational limits.
Contrecœur will support Canada’s growth agenda in building trade diversification infrastructure and supporting close to 400,000 jobs linked to the supply chain.
Public lenders include: Canada Infrastructure Bank, the Government of Quebec, Montreal Port Authority
Private lenders: Terminal Operator
Benefits of the CIB’s involvement
CIB participation helps minimize the project’s cost of capital, allowing the Montreal Port Authority to maintain its investment grade credit rating while preserving cash flows for ongoing operations.
Once complete, the Contrecœur terminal will add 1.15 million twenty-foot equivalent units of annual capacity—about 60% of the Port of Montreal’s current throughput—directly addressing long-term capacity constraints and supporting future growth in container traffic.
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Disclaimer: The Canada Infrastructure Bank (CIB) in its sole and absolute discretion may choose to make available amendments, revisions, modifications, or replacements to this website. This page will remain open for further revision, modification, replacement or cancellation by the CIB at any time and in no event shall the CIB be responsible or liable, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on the content of this website. Images courtesy of Montreal Port Authority.
