Termont Montreal to take over MCT

Termont Montreal Inc. is to take over the Montreal Container Terminal (MCT) as part of a CN$42m (US$34m) investment lease, which will see a further CN$30m (US$24m) invested towards a second phase of development if container growth continues.

Announcing the deal at the signing of a long-term lease, Montreal Port Authority’s president and CEO, Sylvie Vachon, said: “I am very pleased by this agreement, which is synonymous with economic growth.  In turn, it shows that Termont has great confidence in the Port of Montreal. I’m sure this project will be very successful.”

Adding 600,000 teu capacity, the new Viau terminal will bring the Port of Montreal’s total container-handling capability to 2.1m teu; construction will start this summer; with the facility scheduled to open in the autumn of 2016.