The Canada Infrastructure Bank has agreed to provide a CA$ 1.16 billion loan to the Montreal Port Authority for the Contrecœur expansion project, marking a decisive financial milestone for one of Canada’s most significant port infrastructure investments.
The announcement was made at the project site by Prime Minister Marc Carney, alongside federal and provincial ministers and MPA Board Chair Nathalie Pilon.
The CIB loan establishes the primary financial foundation for the project and enables construction to proceed with certainty.
By minimising the cost of capital, the financing allows the Montreal Port Authority to maintain its investment-grade credit rating while preserving operational cash flow.
BMO Capital Markets acted as financial advisor to the MPA in closing the agreement.
The project is structured around a strong public-private partnership framework, with more than 85% of total costs covered by government and private sector contributions.
The Government of Quebec has contributed CA$ 130 million and Transport Canada CA$ 150 million. The full financing will be repaid through the project’s independent revenues and contributions from the private sector terminal operator.
The Contrecœur expansion is designed to significantly increase container handling capacity at the Port of Montreal, strengthening Canada’s trade infrastructure and supply chain resilience at a time of heightened focus on economic sovereignty and logistics competitiveness.
