Canada plans $1 billion airport concessions, inviting private operators
Based on · First reported
Sources
- Prime Minister Mark Carney announced a goal to attract one billion Canadian dollars in investment over the next five years by opening concessions for Toronto, Montreal, Vancouver and Calgary airports, while the government retains ownership of the land and safety‑related assets.
- The concessions will be managed by the private sector, with most benefits earmarked for regional airports, and Ottawa expects participation from Canadian pension funds that have airport experience; the Vancouver airport authority has offered collaboration to create sustainable economic value, though the Bloc Québécois leader Yves‑François Blanchet criticized the reform as favoring international financial circles over passengers and taxpayers.