{"id":595001,"date":"2026-04-10T15:19:28","date_gmt":"2026-04-10T15:19:28","guid":{"rendered":"https:\/\/www.newsbeep.com\/ca\/595001\/"},"modified":"2026-04-10T15:19:28","modified_gmt":"2026-04-10T15:19:28","slug":"cib-backs-1-16b-contrecoeur-container-terminal-in-montreal-renew-canada","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/ca\/595001\/","title":{"rendered":"CIB backs $1.16B Contrecoeur container terminal in Montreal \u2013 ReNew Canada"},"content":{"rendered":"

\t\t\t\"\"<\/a><\/p>\n

Canada\u2019s largest east coast port expansion is moving forward with a $1.16 billion loan from the Canada Infrastructure Bank (CIB) to the Montreal Port Authority (MPA) for a new container terminal in Contrecoeur.<\/p>\n

The announcement made by Prime Minister Mark Carney marks the first fast-tracked project to launch since the government announced the initial series of projects referred to its Major Projects Office back in September<\/a>.<\/p>\n

Once complete, the Contrecoeur terminal will add up to 1.15\u00a0million twenty-foot equivalent units (TEUs) of annual capacity\u2013about 60 per cent of the Port of Montreal\u2019s current throughput\u2013directly addressing long-term capacity constraints and supporting future growth in container traffic.<\/p>\n

\"\"<\/a><\/p>\n

\u201cThe\u00a0global economy is changing,\u00a0continuing\u00a0to\u00a0impact\u00a0trade and affordability.\u00a0That is why we are making\u00a0long-term, strategic investments that will\u00a0keep goods moving\u00a0and costs down for Canadians.\u00a0By expanding capacity at the Port of Montr\u00e9al, we are strengthening our supply chains, reducing congestion and ensuring Canadian businesses can compete, grow and prosper,\u201d saijd Steven MacKinnon, Minister of Transport.<\/p>\n

Construction of critical in-water works including dredging, quay wall construction and other infrastructure required for vessel access and operations began in October 2025 and is being delivered by a joint venture between Aecon and Pomerleau<\/a>.<\/p>\n

In 2027, work is expected to begin on building out terminal and logistics infrastructure, with commercial operations targeted for 2030. This includes development of the intermodal yard, construction of the terminal and installation of ship-loading equipment at the site, located approximately 40 kilometres northeast of Montreal.<\/p>\n

The Port of Montreal Contrecoeur Terminal is No. 78 on ReNew Canada\u2019s 2026 Top100 Projects report<\/a>.<\/p>\n

\"\"Contrecoeur (CNW Group\/Canada Infrastructure Bank)<\/p>\n

\u201cCanada\u2019s trade future depends on infrastructure that is ready before demand arrives\u2013not after. The Contrec\u0153ur terminal is exactly that kind of forward-looking investment. It will anchor Montreal\u2019s role as a gateway to global markets. The MPA has worked closely with our federal and provincial partners to bring this project to fruition, and with the help of the private sector, we will deliver lasting value for thousands of companies from all across Quebec and Canada,\u201d said Nathalie Pilon, chair, Montreal Port Authority.<\/p>\n

The Government of Quebec is contributing $130\u00a0million; Transport Canada $150\u00a0million and the full financing will be repaid through autonomous revenues and the contribution of the private sector as terminal operator. Ultimately, more than 85 per cent of infrastructure costs will therefore be borne by the private sector.<\/p>\n

\u201cStrengthening Canada\u2019s ports to expand trade and grow the economy is a core priority for the Canada Infrastructure Bank. Our loan towards Contrecoeur supports a project of national importance\u2013one of the largest eastern port expansions in Canadian history\u2013and will deliver lasting benefits for Canada\u2019s economy for decades to come,\u201d said Ehren Cory, CEO, Canada Infrastructure Bank.<\/p>\n

DP World is in discussions with the MPA<\/a> to serve as terminal operator.<\/p>\n

The project also leverages existing transportation infrastructure, including Highway\u00a030 and the CN rail connection, reducing the need for new land-based construction and limiting additional impacts on the surrounding environment. The Contrec\u0153ur terminal has been designed to minimize its environmental footprint and meet 388 binding conditions set by the Impact Assessment Agency of Canada.<\/p>\n

Featured image: Contrecoeur (CNW Group\/Canada Infrastructure Bank)<\/p>\n","protected":false},"excerpt":{"rendered":"Canada\u2019s largest east coast port expansion is moving forward with a $1.16 billion loan from the Canada Infrastructure…\n","protected":false},"author":2,"featured_media":559839,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[194292],"tags":[49,48,2338],"class_list":["post-595001","post","type-post","status-publish","format-standard","has-post-thumbnail","category-montreal","tag-ca","tag-canada","tag-montreal"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/posts\/595001","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/comments?post=595001"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/posts\/595001\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/media\/559839"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/media?parent=595001"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/categories?post=595001"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/tags?post=595001"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}