The Port of Montreal has secured a CAD$150 million (US$110.2 million) investment from the National Trade Corridors Fund (NTCF) for the container terminal project in Contrecoeur, Canada.
The Port of Montreal (MPA) is adopting a hybrid approach for the significant expansion project on Montreal's South Shore. Under this strategy, the MPA will manage specific project responsibilities and embrace a more flexible approach, outlined as follows:
The earlier procurement process, initiated in November 2021, which encompassed both the construction and operation of the terminal, has been abandoned in favor of this revised strategy. This new approach enables the MPA to better handle risks, project tasks, and expenses within the existing context, guaranteeing the success of the expansion initiative. The Contrecoeur expansion project is situated in an industrial zone acquired by the Montreal Port Authority more than three decades ago.