Since the COVID-19 pandemic has had an unprecedented impact on all areas of society, infrastructure projects will be crucial to the economic recovery. These projects will create good paying jobs, grow the economy, improve the daily lives of Quebecers and all Canadians, and build a better tomorrow. The construction of the Réseau express métropolitain (REM) station at the Montréal-Trudeau International Airport will help reduce traffic congestion and improve accessibility and connectivity to the airport by offering an environmentally sustainable link between downtown Montréal and the airport.
Today, the Minister of Transport, the Honourable Omar Alghabra, the Minister of Infrastructure and Communities, the Honourable Catherine McKenna, the Leader of the Government in the House of Commons and Quebec Lieutenant, the Honourable Pablo Rodriguez, the Minister of Economy and Innovation, Mr. Pierre Fitzgibbon, the Minister for Transport and Minister responsible for the Metropolis and the Montréal Region, Ms. Chantal Rouleau, and the Chief Executive Officer of the Canada Infrastructure Bank, Mr. Ehren Cory, announced a $500 million financial package to support Aéroports de Montréal and to enable the construction of the REM station at the Montréal-Trudeau International Airport.
The construction of the REM station, an estimated $600 million project, will be led by Aéroports de Montréal, with financial contribution from the following:
Transport Canada who is investing up to $100 million in funding as part of a program to support large airports, as announced in the Fall Economic Statement of November 2020;
Gouvernement du Québec, through Investissement Québec, who is providing a loan of up to $100 million to Aéroports de Montréal;