Macquarie Asset Management (MAM) partnered with Porter Aviation Holdings Inc. (PAHI) to develop and operate a commercial passenger terminal (YHU Terminal) at Montreal Metropolitan Airport, relieving capacity constraints and improving connectivity between cities in Canada.<\/p>\n
Montreal is the second largest metropolitan area in Canada, with a population of 4.6 million people and home to half of the population of the province of Quebec, which itself is the second largest province by GDP and population in Canada.1<\/a> <\/p>\n As a result of continued population and economic growth, Greater Montreal’s air travel demand has increased substantially. Over the past 30 years, passenger traffic in Montreal has grown at an annual rate of 3.3 per cent, accelerating to an annual rate of 3.7 per cent over the past 10 years,2<\/a> putting pressure on the City\u2019s aviation network. <\/p>\n Capacity constraints at Montr\u00e9al-Trudeau International Airport (YUL), the city’s primary commercial airport, have limited airlines\u2019 ability to expand services to properly accommodate this passenger growth, with the facility reaching a total of 22 million passengers nearly 10 years earlier than originally planned (in 2024,3<\/a> instead of 2033).4<\/a><\/p>\n Against the backdrop of a growing passenger demographic, YHU maintained extensive aviation infrastructure, a strategic location equidistant from downtown Montreal (as YUL) and, as a result, was ideally suited to serve the Greater Montreal region. This presented an opportunity to unlock additional aviation capacity by creating a terminal for commercial passenger travel at the airport.<\/p>\n Recognizing this opportunity, PAHI secured a long-term concession to exclusively develop and operate a commercial passenger terminal on the airport grounds, and sought an investment partner with industry experience to help deliver the project. For MAM, the opportunity aligned with a longstanding focus on investing in scarce and critical infrastructure that supports economic growth, enhances connectivity and meets the evolving needs of communities. The project also presented an opportunity to directly support local economic activity during delivery, including through construction employment and improvements to adjacent road infrastructure.<\/p>\n To finance, develop and operate the new terminal, MAM and PAHI established a dedicated joint venture, YHU Terminal.<\/p>\n","protected":false},"excerpt":{"rendered":"Macquarie Asset Management (MAM) partnered with Porter Aviation Holdings Inc. (PAHI) to develop and operate a commercial passenger…\n","protected":false},"author":2,"featured_media":891457,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[194292],"tags":[160,1331,49,48,41536,2546,308907,2338],"class_list":["post-891456","post","type-post","status-publish","format-standard","has-post-thumbnail","category-montreal","tag-americas","tag-article","tag-ca","tag-canada","tag-case-study","tag-infrastructure","tag-mam","tag-montreal"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/posts\/891456","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=891456"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/posts\/891456\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/media\/891457"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/media?parent=891456"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/categories?post=891456"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/tags?post=891456"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}