December 4, 2019 – The Canada Infrastructure Bank announced it is committing up to $300 million in financing to the Port of Montreal’s project to build a new container terminal in Contrecoeur. The Canada Infrastructure Bank’s (CIB) financing demonstrates significant support for the expansion of the largest port in Eastern Canada, which must expand its activities to fully participate in national economic growth. This project will enable the port to meet the needs of the market in the coming decades. The Contrecoeur expansion will allow the Port of Montreal to increase its container handling capacity, according to Sylvie Vachon, president and CEO of the Port of Montreal. “We will be more competitive, which will strengthen Montreal’s role as a hub for maritime trade in Eastern Canada. This will support national economic prosperity through job creation and supply chain development,” she said.