The Caisse de dépôt et placement du Québec has announced a $53-million interest, in the form of a term loan, in the financing of the Quebec City Jean Lesage International Airport.
The Caisse’s interest is part of a private financing of about $265 million, announced earlier Thursday by Aéroport de Québec inc.
By improving its infrastructure, the organization expects to be able to increase its capacity and better serve its market. Ultimately, the expansion projects aim, among other things, to attract new air carriers and develop additional routes.
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“Expansion of the international terminal will help increase world air traffic in the Quebec City region, fostering the region’s economic development,” says Marc Cormier, executive vice-president, fixed income at the Caisse. “By taking part in this financing, the Caisse is furthering the long-term growth of a key organization in Quebec City.”
The Quebec City Jean Lesage International Airport handled more than 1.5 million passengers in 2014, positioning it as Canada’s 12th largest airport, where more than 10 carriers offer multiple flight connections to destinations in North America, Central America, the Caribbean, Mexico and Europe, including daily service to the major hubs in the northeastern United States.
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