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- 6 days ago
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Port of Montreal Plans $2.3B Container Terminal Expansion by 2030
The Port of Montreal is set to expand with a new container terminal at Contrecoeur, expected to open by 2030, adding 1.15 million TEU capacity to the port's annual handling. This $2.3 billion expansion project has received a boost through a fast-track federal program aimed at expediting regulatory approvals, with preparatory work scheduled to begin soon. DP World Canada has signed a joint development agreement with the Montreal Port Authority to design, build, and operate the land-based facilities of the terminal under a 40-year contract, marking DP World's entry into the Port of Montreal. The expansion will include two ship berths, a railyard, and integrated road and rail connections to national networks, enhancing the port's capacity and efficiency. The project is part of a broader strategy to strengthen the Port of Montreal's role as a key economic engine for Quebec and Canada, with construction on the land-side expected to start in 2027 and in-water works in 2026. The collaboration involves numerous government departments and aims to meet increasing business and trade demands while ensuring compliance with extensive regulatory conditions.

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- Last Updated
- 6 days ago
- Bias Distribution
- 100% Left
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