Hamilton signs $400 million deal for airport expansion

Ontario Construction News
Robin MacLennan
07 October 2024

The City of Hamilton has signed a $400 million deal with TradePort International Corporation to develop and expand John C. Munro Hamilton International Airport over the next 49-years.

A statement says the project will transform the airport’s infrastructure, including expanding and enhancing passenger terminal buildings, upgrading cargo facilities, enhancing taxiways and aprons, and achieving Net Zero Carbon by 2030. The investment is designed to continue positioning Hamilton as a competitive player in the national and global markets while supporting the region’s supply chain and job creation.

As part of the agreement, and in addition to the $400 million investment, the City of Hamilton will receive guaranteed annual payments, increased revenue sharing based on the airport’s performance, and commitments to annual community investments.

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