Freight News, Sea

Key milestone reached to carry out the Port of Montreal Contrecœur expansion

[ May 16, 2022   //   ]

The Montreal Port Authority (MPA) announced that a new phase is underway to complete its major expansion project in Contrecœur, as three bid respondents qualified. The selected bid files are from (in alphabetical order):
* Axium Infrastructure Canada and Pomerleau Capital
* Ports America Holdings
* Terminal Investment Limited (TIL)

The international Request for Qualifications (RFQ) was issued on November 23, 2021, using the Design-Build-Finance-Operate-Maintain (DBFOM) model. Five compliant bid packages were evaluated. Bidders were
required to show experience in the design, construction, and operation of new port infrastructure, as well as in generating new shipping volumes and their engagement with local and regional stakeholders, among
other criteria. The conditions specified in the Decision Statement issued by the Minister of the Environment and Climate Change Canada also have to be met.

“The Request for Qualifications process confirmed the strong interest in our project locally, nationally and internationally. Citizens, consumers and the business community can look forward to yet another milestone
towards the successful completion of this green and modern container terminal, especially in a global context where we need more resilient supply chains. Thank you to the MPA teams who helped move the process forward so far! This expansion will consolidate the Port of Montreal’s role as a driver of development for Quebec and Canada,” said Martin Imbleau, President and Chief Executive Officer of the MPA.

The three qualified finalists will be invited to submit bids in the Request for Proposals (RFP) phase, which will begin in the coming weeks and last approximately 12 months. Announcement of the private partner is slated for the second quarter of 2023, with financial and commercial closing in the third quarter of 2023, for a start of construction within the year. The terminal is expected to be commissioned by the end of 2026.

Significant benefits for Quebec and Canada

At a time when Montreal’s facilities soon reaches maximum capacity, this expansion project will result in increased efficiency and competitiveness for the businesses served by Montreal’s port facilities. This investment, estimated at between $750 and $950 million, will generate close to 8,000 direct, indirect and induced jobs during construction and 1,200 permanent jobs during operation. In total, it is expected that approximately 80% of the economic benefits will be in Quebec.