Montreal Port Authority begins with the Second Phase of Future Box Terminal Project

The Montreal Port Authority will begin with its second phase of the Contrecoeur expansion as it is all set to launch a Design-Build-Finance-Operate-Maintain (DBFOM) acquisition process that will allow both national and international industry players to be a part of it.   

Talking about the project, Martin Imbleau, CEO and President of MPA, quoted,   

“Factoring in our timeline, we are proceeding with the development and implementation of the Contrecœur container terminal through this national and international procurement process, which will make it possible for us to identify which consortium offers the best terms and conditions; notably to operate our important project.”  

 As per reports, the government will provide favorable financial assistance to the Montreal Port to begin with, the expansion project. The announcement states that the primary goal for the RFQ (Request For Qualification) is to qualify the exact number of national and international consortia that will be allowed in the coming months to proffer a proposal for entering into a long-term agreement that will be for the future terminals.   

Companies willing to be a part of the project will have to demonstrate expertise in financial soundness and knowledge of container market development.