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Canada to seek private investment in major airports, says Carney
Carney says long-term concessions would bring new capital and expertise while keeping federal ownership and sending revenue to smaller airports and local infrastructure.
- On Tuesday, Prime Minister Mark Carney announced plans to seek private investors to operate Canada's four largest airports: Toronto Pearson, Montreal, Calgary, and Vancouver.
- The announcement occurred during the Canada Investment Summit in Toronto, where Carney aims to secure $1 trillion in investments across 167 projects over the next five years.
- Carney told investors Canada is a "safe harbour" for investment on a chaotic global stage, while stating the government will retain ownership of land and assets.
- Transport Minister Steven MacKinnon briefed Liberal MPs on Monday about the plan, as airport lease fees currently worth $525 million annually become central to the strategy.
- By shifting federal dollars to smaller regional airports, Carney argues the initiative will make remote air travel more affordable while leveraging private capital under government asset ownership.
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The federal government will privatize Montréal-Trudeau International Airport and the other three largest airports in the country.
·Montreal, Canada
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Canada seeks private investment via long-term concessions for four largest airports, Carney says
"(We) will retain ownership of the underlying land and assets, but we will unlock their true value by bringing in new capital and expertise into their operations and growth."
·Jerusalem, Israel
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Ckpg Today+2 Reposted by 2 other sources
Carney wants private investors to run Canada’s four largest airports
TORONTO — Prime Minister Mark Carney says he wants to see private investors operate Canada's four largest airports — Toronto Pearson, Montreal, Calgary and Vancouver. In a keynote address at the investment summit in Toronto today, the prime minister sa...
·Prince George, Canada
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Coverage Details
Total News Sources48
Leaning Left17Leaning Right3Center13Last UpdatedBias Distribution52% Left
Bias Distribution
- 52% of the sources lean Left
52% Left
L 52%
C 39%
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