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Montreal’s airport has the money it needs to build a planned station for the light-rail network already under construction.
Although the Réseau express métropolitain was partly conceived as a way to connect the city’s downtown core to the airport, construction of that station had been in doubt until Thursday because Aéroports de Montréal, the private non-profit company that runs Trudeau International Airport, ran out of money to build it. ADM was initially set to cover the full cost of the $600-million station, but a sharp drop in its revenue caused by the pandemic forced it to seek financial aid.
Ottawa, Quebec to announce funding for REM station at Trudeau airport
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Montréal s aviation community mobilizes to support the workplace vaccination campaign
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2020 a year truly to be forgotten : Aéroports de Montréal CEO
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Montreal airport estimates $300 million loss for 2020, raises fees amid budget crunch
A passenger makes her way through Montreal Trudeau Airport in Montreal on January 7, 2021. Montreal s airport authority estimates that it will have a shortfall of $300 million for 2020, as low travel demand takes a financial toll on airports nationwide. The airport authority also announced that it will seek leniency from its creditors to satisfy certain requirements for its bond agreements in 2021 and 2022. THE CANADIAN PRESS/Paul Chiasson February 04, 2021 - 9:41 AM
Montreal s airport authority estimates that it will have a shortfall of $300 million for 2020, as low travel demand takes a financial toll on airports nationwide.