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.
78 Articles
78 Articles
No to the privatization of Canadian airports
The government of Canada is seriously considering selling off our publicly owned airports to private investors, including Montreal Trudeau International Airport. There has been little public debate, and no mechanism for public consultation and comment has been set up.
Prime Minister Who Said, "Canada is Not for Sale" Just Announced He's "Selling the Airports"
You can’t make this stuff up folks. Just days before making his next trip to lead the ‘middle-powers-summit’ in Europe where he will deliver his grandiose speech to announce ‘sovereign’ Canada is now a European subsidiary, the former central Banker turned appointed Prime Minister of Canada has announced he’s selling the Canadian airports. Because in […]
An expert describes the possible implications of this Carney government decision.
‘We're not even part of the discussion,’ says transport union after Carney opens airports to private investment
Canadians need more details on the feds’ proposed model, say observers, as it’s unclear how investors will generate a return on their investment—and if the buck will be passed to passengers.
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