Airport | Ten billion to unlock Montreal-Trudeau

Travelers have not finished circulating through construction sites in Montreal-Trudeau. Therefore, To set up the ailments of the airport which rage the passengers. Therefore, the bill will amount to almost 10 billion, learned The press. In addition, A portion of financing – 1 billion – has already been obtained from the Canada Infrastructure Bank (BIC).

New boarding doors. Nevertheless, adding parking lots, increased landing capacity: we already knew the Montreal airport plan (ADM) until 2028 to solve accessibility problems in Montreal-Trudeau in the short term. Moreover, The cost of this phase is estimated at 4 billion.

This airport | ten billion unlock Wednesday. Moreover, the manager and operator of the place will lift the veil on the sequence of other sites planned until 2035 in order to increase the capacity of the airport, which hosted a summit of more than 22.4 million passengers last year.

We plan as much on the “track side” as on the “city side”. Similarly, We can think. for example, of the demolition and reconstruction of a parking lot, new landing up and enlargement of the airfield facade as well as a new building to connect the future station of the Metropolitan Express Network (REM) to the airport | ten billion unlock terminal.

The invoice will be salty and the financial needs of ADM will be large. Similarly, It is in this context that the BIC (see capsule) decided to board the project. Similarly, after about a year of talks.

The billion offered by the BIC takes the form of a loan which must be reimbursed in “long term”, over several decades. Furthermore, A non-profit organization. ADM cannot raise a capital actions from private investors to find money since the airport land belongs to the federal government.

It is essentially by borrowing. therefore by getting into debt, that the manager and operator of Montreal-Trudeau can finance these major sites. On December 31, its net debt amounted to 2.2 billion.

“Without us, they [ADM] would have been forced to proceed more slowly by raising a little money on the markets, making some improvements, borrowing some money, carrying out other work, illustrates Mr. Cory. Our capital helps them go faster. »»

The other way available to ADM to pay your bills is to pass. it out on travelers by increasing airport improvement costs.

In Montreal-Trudeau, the last increase in these costs dates back to 1^is March 2024, when they went from $ 35 to 40 per ticket. These are the highest in the country. The CEO of the BIC claims that the loan of the federal company will avoid applying upward pressure on. these costs.

“We want to make sure airport | ten billion unlock that the costs remain stable. that they can grow at a normal pace,” says Cory.

ADM’s finances found a luster after the pandemic crisis, where the 1920s and 2021s ended with respective deficits of 234 and 231 million. Last year, the organization garnered 182 million profits, its best performance since the health crisis.

This is a part of the equation to pay a portion of the work, but this is insufficient.

This is not the first time airport | ten billion unlock that the BIC has released the Stock Exchange Cordons for ADM. In 2021, she had lent him 300 million to finance the construction of her REM station. The airport antenna must in principle be commissioned towards the end of 2027.

Airport | ten billion unlock

An explosion

The lifting of travel restrictions linked to the Pandemic of COVID-19 put the table on a massive return of travelers to Montreal-Trudeau. Even if traffic growth airport | ten billion unlock is expected to stabilize this year, ADM expects to welcome nearly 23 million passengers in Montreal-Trudeau in 2025. In three years, in 2028, 25 million travelers are expected and the volume risks ranging between 30 and 35 million passengers within a decade.

The work to improve the fluidity of travel is therefore inevitable. but in the immediate future, they give significant headaches to users, particularly at the heart of the summer season.

Last May. on the occasion of the presentation of the annual report of its organization, the president and chief executive officer of ADM, Yves Beauchamp, warned travelers.

“Significant work will be launched on our road airport | ten billion unlock network,” he said. Inevitably, there will be times when access will be more difficult and parking will be insufficient. It will not always be easy to come to Yul, we are aware of it. »»

Among the work already planned. ADM provides for the addition of a “satellite pier”, that is to say a new pier -shaped terminal that will allow planes to park outside to get travelers to take. This building must be located not far from the boarding doors.

Despite a multimillionaire expansion that will go out for a decade. at the rate of things, Montreal-Trudeau is likely to be cramped much faster than expected on the “track side”, according to a book published in 2023 by the professor and specialist in transport Jacques Roy.

According to his work The saga of Mirabel. airport | ten billion unlock Dorval airports: lessons to be learned now and for the futurethe “ultimate capacity” of the tracks of 310,000 movements (landing and takeoff) per year could be reached in 2047, two decades before the projections mentioned in 2018 by ADM.

With Henri-Ouellette-Vézina, The press