Feds supports economic recovery through the National Trade Corridors Fund program
The investments will provide financial support to the project to address the challenges facing the aviation sector
MONTRÉAL — The Government of Canada announced that Phase 1 work of the International YMX Aerocity of Mirabel’s aero-logistics and industrial hub project will begin as a result of the Government of Canada’s new distribution of investments made for the years 2020-21 and 2021-22. The investments will provide financial support to the project to address the challenges facing the aviation sector. The upheaval in the aviation sector caused by the health crisis associated with COVID-19 has affected airports drastically and historically.
“With this new structure of our investment this year, we are facilitating the launch of the first phase of expansion operations for the International Aerocity of Mirabel’s aero-logistics and industrial hub,” said Marc Garneau, minister of Transport, in a prepared statement. “This demonstrates our commitment to creating jobs in a sector heavily affected by COVID-19 and to stimulating economic recovery. Mirabel Airport will thus be able to remain competitive on the international market, and with today’s announcement, we can be confident that this project, so important to the local economy and our trade corridors, will be able to move forward without further financial obstacles.”
The work includes expanding the main apron and converting it to a freight apron, enhancing the area’s road network to improve access to the new freight apron and increasing the aircraft parking area capacity, and building a 20,000 m2 storage area for air cargo and logistics.