What You Need to Know
This morning, the Prime Minister announced that Canada will seek private investment through long-term concessions to operate Canada’s four largest airports – Toronto-Pearson, Montréal–Trudeau, Vancouver, and Calgary – to further unleash capital and support Canada’s long-term growth.
Working with airport authorities and other stakeholders, including airlines and local governments, the federal government will retain ownership of the underlying land and assets, while bringing in new private capital to support Canada’s airports.
The tens of billions of dollars of capital raised would be reinvested into building the infrastructure Canada needs – including regional airports, new local transportation infrastructure, and new nation-building infrastructure, including a sovereign broadband backbone that connects Canadians from coast to coast to coast.
Please see below for key messages. For more information, see today’s news release.
Key Messages
Canada’s airports are critical infrastructure that connect Canadians to each other and to the world. We are looking at new ways to unlock their full value, lower air passenger costs, attract private investment, and support Canada’s long-term growth.
Our government will seek private investment through long-term concessions to operate Canada’s four largest airports – Toronto-Pearson, Montréal–Trudeau, Vancouver, and Calgary – bringing in new private capital while the federal government retains ownership of the underlying land and assets.
Canada needs to build more, faster. The tens of billions of dollars of capital raised through this process would be reinvested into the infrastructure Canada needs for the next generation, including regional airports, new local transportation infrastructure, and new nation-building infrastructure.
This includes investing in a sovereign broadband backbone that connects Canadians from coast to coast to coast, helping build a stronger, more independent, and more resilient Canadian economy.
We will retain public ownership of the underlying land and assets, while working with airport authorities and other stakeholders, including airlines and local governments, to bring new private capital into Canada’s airport.
