CIB invests in new terminal at Montreal Metropolitan 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…
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.
The CIB’s investment enables the development of a new domestic airport terminal to enhance mobility options for Canadians travelling to and from the Montreal area, while supporting economic opportunities in the Greater Montreal region.
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 terminal is expected to meet forecasted growth of up to four million passengers per year. Construction is scheduled to be completed by fall 2025.
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.
Through the CIB’s Trade and Transportation sector, which supports stronger trade and transportation corridors, the CIB’s investment in the terminal fills a gap in the capital investment structure, allowing the project to move ahead.
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