On April 13, 2026, the Montréal Port Authority (MPA) reached financial close on a CA$1.16 billion loan from the Canada Infrastructure Bank (CIB) for the Contrecœur container terminal expansion project. The transaction marks a milestone for one of Canada's most significant port infrastructure investments and the largest east coast port expansion in Canadian history. The financing enables the construction of an advanced new container terminal capable of handling up to 1.15 million twenty-foot equivalent units (TEUs) annually, equivalent to roughly 60 percent of the Port of Montreal's current throughput. The expansion directly addresses long-term capacity constraints and supports future growth in container traffic, with full commercial operations targeted for 2030.

The project is expected to generate roughly $750 million annually in economic benefits and strengthening supply chain resilience across Canada. The terminal will leverage existing transportation infrastructure, including Highway 30 and the CN rail connection. It has also been designed to meet 388 binding conditions set by the Impact Assessment Agency of Canada. DP World Canada is in exclusive discussions with the MPA to serve as terminal operator.

Dentons acted as principal legal advisor to the MPA on the Contrecœur expansion project. McMillan acted as counsel to the Canada Infrastructure Bank.