|On January 23, Transport Minister Omar Alghabra announced a federal investment to support John C. Munro Hamilton International Airport’s Gateway Expansion and Sustainability Project through The National Trade Corridor Fund (NTCF). This investment will increase capacity at the airport and strengthen the Goods Movement Sector in Hamilton.
The National Trade Corridor Fund (NTCF) will be contributing $23.4 million to the Airport’s Project, which have expected total costs of $46.9 million and which will also be partly funded by airport operator TradePort International Corporation.
This funding will help the airport alleviate current constraints being experienced on domestic and international trade routes and ensure just-in-time goods are moved from coast to coast without delay through:
· Airfield and de-icing capacity expansion: to increase common-use gate capacity by 125% and de-icing capacity by 250% as well as widen taxiways to alleviate critical capacity restrictions and ensure unrestricted airfield access for expanding fleets and aircraft sizes.
· Airfield strengthening: to strengthen/improve infrastructure supporting the main apron, including taxi lanes and taxiways.
· De-icing water treatment: to reduce the risk of flooding in the community by treating glycol residual onsite.
· General Service Equipment road: to reduce delays by constructing a new, dedicated service road parallel to a major taxiway to separate aircraft and equipment’s conflicting use.
John C. Munro Hamilton International Airport is an economic engine for the City of Hamilton and the surrounding region and this improvement initiative is expected to create approximately 460 construction jobs and an additional 1,830 full-time jobs by 2025, representing an additional $142.6 million in labour income. The Airport anticipates that the NTCF’s investment will also facilitate approximately $2.1B in economic activity annually by 2025.
To learn more about Hamilton’s Goods Movement Sector click here: Goods Movement – Invest in Hamilton
To learn more about Hamilton’s Foreign Trade Zone point click here: Foreign Trade Zone – Invest in Hamilton