Canada Infrastructure Bank funding Montreal terminal

The Canada Infrastructure Bank (CIB) said it will provide up to $300 million to finance a new container terminal the Montreal Port Authority plans to open downriver in Contrecoeur. 

CIB is a crown corporation, or government-owned lender, that says it “uses financial instruments including loans, equity, and where appropriate, loan guarantees to deliver federal support to projects to make them commercially viable.”

The port said CIB’s backing will enable…

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