The financing is said to demonstrate significant support for the expansion of the largest port in Eastern Canada, which needs to expand its activities to fully participate in national economic growth.
“The Contrecoeur expansion will strengthen and diversify our trade with other countries. Given the port’s central role in the Canadian economy, this wealth creation will have an impact on the entire country,” Pierre Lavallée, President and CEO of the CIB, said.
As part of a joint press conference with the Port of Montreal, Lavallée also highlighted the eco-responsibility of the Contrecoeur project.
