Contrecoeur Terminal Container Project
Project: Contrecoeur Terminal Container Project
Location: Montreal, QC
Purpose: Expanding Port of Montreal’s Contrecouer Terminal to increasing container capacity by over 60%.
Cost: $2.3 billion
Owner Disribution:
- Montreal Port Authority: land owner/manages the project; (Canadian)
Operators & Contractors:
- Aecon & Pomerleau: in-water construction (Canadian)
- DP World (Dubai): develop/operate/maintain the landside terminal for 40 years. (Foreign)
- The Montreal Port Authority is the landowner and manages the project (Canadian).
Subsidies, Tax Relief, Loans, Infrastructure, Regulation Amendments:
- Government of Canada – National Trade Corridors Fund ($150 million);
- Canada Infrastructure Bank ($300 million);
- Government of Quebec: $205 billion
- $480 million borrowed from the Montreal Port Authority
Economic Viability::
A Study by the Society of Nature and Parks (SNAP Québec) argued that the terminal expansion will be a “financial burden on taxpayers” based on “unrealistic projections”.1 They cited documentation from the Montreal Port Authority that was calling for an expansion based on future traffic, which did not happen. Another item that may affect its economic viability. Today’s ships are much larger and need deeper water than what the St. Lawerence is. I
Environmental Concerns: The expansion also puts marine life at risk, especially the copper redhorse, an endangered species.
Project: Contrecoeur Terminal Container Project
Location: Montreal, QC
Purpose: Expanding Port of Montreal’s Contrecouer Terminal to increasing container capacity by over 60%.
Cost: $2.3 billion
Owner Disribution:
- Montreal Port Authority: land owner/manages the project; (Canadian)
Operators & Contractors:
- Aecon & Pomerleau: in-water construction (Canadian)
- DP World (Dubai): develop/operate/maintain the landside terminal for 40 years. (Foreign)
- The Montreal Port Authority is the landowner and manages the project (Canadian).
Subsidies, Tax Relief, Loans, Infrastructure, Regulation Amendments:
- Government of Canada – National Trade Corridors Fund ($150 million);
- Canada Infrastructure Bank ($300 million);
- Government of Quebec: $205 billion
- $480 million borrowed from the Montreal Port Authority
Economic Viability::
A Study by the Society of Nature and Parks (SNAP Québec) argued that the terminal expansion will be a “financial burden on taxpayers” based on “unrealistic projections”.1 They cited documentation from the Montreal Port Authority that was calling for an expansion based on future traffic, which did not happen. Another item that may affect its economic viability. Today’s ships are much larger and need deeper water than what the St. Lawerence is. I
Environmental Concerns: The expansion also puts marine life at risk, especially the copper redhorse, an endangered species.