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August 14, 2019

Canada Infrastructure Bank signs on to Montreal port expansion project

Montreal, QC — The Canada Infrastructure Bank (CIB) announced that it will work with the Montreal Port Authority (MPA) to advance the project development of a new container terminal in Contrecoeur, where the port plans to expand its activities. The Memorandum of Understanding confirms that CIB and MPA will work on the financial structuring of the proposed terminal. This due diligence will include planning and pre-procurement activities for the design, the construction, the financing, the operation and the maintenance of the terminal. CIB’s work could lead to an investment in the project, subject to all standard due diligence and decision making. “This commitment by the Canada Infrastructure Bank is a key milestone in the progress of our project towards its completion,” said




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