TradePort International Corporation signs a C$400M development and expansion deal with The City of Hamilton
On September 13, 2024 TradePort International Corporation ("TradePort") a wholly owned subsidiary Vantage Airport Group Ltd. ("Vantage"), signed a 49 -year lease with the City of Hamilton for C$400 million to further develop John C. Munro Hamilton International Airport.
The investment aims to overhaul Hamilton Airport's infrastructure, achieve Net Zero Carbon by 2030, and is designed to make Hamilton a competitive player in both national and global markets, while supporting the region's supply chain and job creation.
TradePort has managed Hamilton International Airport since 1996, overseeing C$452 million in investments, contributing over C$1.5 billion to industry activity, and creating more than 4,720 jobs.
Vantage Airport Group, headquartered in Vancouver, British Columbia, develops and manages airports and transportation infrastructure around the world.
McCarthy Tétrault LLP advised TradePort with a team led by Jody Aldcorn (Financial Services) and Carly Caruso (Real Property and Planning) that included Sarah Murphy, Josiah Schaafsma and Nika Moslehi (Real Property and Planning), Laura Weingarden (Environmental) and Erin Chesney (Litigation).
