CIB Invests in Montreal Metro Airport

 

The Canada Infrastructure Bank (CIB) is investing $90 million in the new domestic passenger terminal at MET – Montreal Metropolitan Airport (YHU), formerly known as the Saint-Hubert Airport. The terminal development project is a partnership between Macquarie Asset Management and Porter Aviation Holdings Inc.

Located 15 kilometres from Montreal, the Montreal Metropolitan Airport project includes construction of a new standalone 21,300 m2 two-storey domestic terminal with nine gates, associated taxiways, and landside facilities such as parking lots with barrier-free parking spaces, EV charging stations, and shuttle bus pick-up and drop-off points. Additional landside facilities include terminal frontage roads, road connection from the property boundary to long-term parking lots, landscaping, and an aviation fuel farm.

“The development of MET – Montreal Metropolitan Airport is one of the most impactful projects for Canada. It will provide citizens with a more efficient air transportation option and promote economic development of all our regions. We are pleased to have the Canada Infrastructure Bank as a strategic partner in this significant project. It is all Canadians who will benefit from their expertise and support,” said Yanic Roy, president and chief executive officer, MET – Montreal Metropolitan Airport.

Porter Airlines will operate at MET using a combination of Embraer E195-E2 and Dash 8-400 aircraft, serving cities across Canada. The new terminal will be open to other airlines, including Pascan Aviation’s network of existing regional Quebec flights.

The terminal is expected to meet forecasted growth of up to four million passengers per year. Construction is scheduled to be completed by fall 2025.

 

 

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