A decisive milestone has been reached for the Port of Montreal's Contrec�ur expansion project: the Canada Infrastructure Bank (CIB) is providing a $1.16 billion loan to the Montreal Port Authority (MPA).

This loan represents a critical step for the project, as it establishes a solid financial foundation and confirms the continuation of construction. The CIB's participation helps minimize the project's cost of capital, enabling the MPA to maintain its strong investment-grade credit rating while preserving cash flow for its ongoing operations. As part of this transaction, BMO Capital Markets acted as financial advisor to the MPA in closing the agreement with the CIB.

The project is built on a strong partnership between governments and the private sector, which will cover more than 85% of total costs. The Government of Qu�bec has contributed $130 million, and Transport Canada $150 million. The full financing will be repaid through independent revenues as well as contributions from the private sector as terminal operator.

The project will add annual capacity of up to 1.15 million twenty-foot equivalent units (TEUs), representing approximately 60% of the current capacity of the Port of Montreal, helping address long-term constraints and support future container traffic growth.

Source: Montreal Port Authority

 

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