Aecon, Pomerleau reach financial close on Port of Montreal expansion project
AI Article Summary
Aecon and Pomerleau, as part of the Contrecoeur Terminal Constructors General Partnership, have achieved financial close on a design-build contract with the Montreal Port Authority. This project involves the in-water works expansion of the Port of Montreal at Contrecoeur, Quebec. Aecon holds a 40 percent stake in this partnership, while Pomerleau has a 60 percent share.
What This Means for Canadian Contractors
This project shows how significant infrastructure expansions can successfully reach financial close, paving the way for construction commencement. For Canadian builders, this means opportunities for job creation and the utilization of local resources, which may positively impact the regional economy. Additionally, such developments can serve as a benchmark for future public-private partnerships, influencing funding and permit processes.
