The Canada Infrastructure Financial institution is committing as much as $300 million to the Port of Montreal’s long-discussed growth on the South Shore.
Financial institution chief government officer Pierre Lavallée made the announcement Wednesday morning at a press convention in Montreal. The “long-term” capital will bridge the hole between the development of a proposed container terminal in Contrecoeur and the time that it turns into worthwhile, he stated.
The financial institution’s dedication permits the port to proceed working to finish the monetary construction of the venture, in collaboration with personal sector buyers. It follows the signing of a memorandum of understanding between the parties in August.
This story can be up to date.