Port of Montreal reaches agreement with CIB of Canada for new container terminal

@PortalPortuario

The Montreal Port Authority announced that it will work together with the Infrastructure Bank of Canada (CIB) to advance the development of the project of a new container terminal in Contrecoeur.

This, after the signing of a Memorandum of Understanding (MoU) to guarantee infrastructure financing.

The agreement will include planning and pre-contracting activities for the design, construction, financing, operation and maintenance of the terminal.

The Port Authority explained that "the objective of the new terminal is to continue allowing importers and exporters to bring products to the market in a timely manner and support the economic growth and international trade of Canada."

“This commitment from the Infrastructure Bank of Canada 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, ”he said. Sylvie Vachon, president and executive director of the Montreal Port Authority.

For its part, the Minister of Infrastructure and Communities, François-Philippe Champagne, He said that "the collaboration between the Montreal Port Authority and the Canadian Infrastructure Bank (CIB) embodies the reasons for the creation of the CIB by the Government of Canada."

"The CIB has the investment experience to help the MPA maximize the economic potential of the port terminal project in Contrecoeur," he added.