The project will fund building 2 new facilities, the South Cargo Transfer Development Facility (YYZ South) and the North Cargo Apron Development (YYZ North).
YYZ South will increase capacity for import cargo and YYZ North will provide more cargo aircraft parking spaces.
Promising the funding, the Transport Canada, which is responsible for transportation policies and programmes across Canada says it will strengthen supply chains and help more cargo come through Pearson airport.
Omar Alghabra, Canadian Minister of Transport, says, “It's no secret that the last few years have been difficult on supply chains here in Canada and across the world. Toronto Pearson Airport is a key player in Canada's transportation supply chain, and today's funding of nearly C$94 million is great news for the airport's cargo-handling capabilities, for our supply chains, and for Canadians.”
Deborah Flint, President and CEO of Greater Toronto Airports Authority, adds, “The substantial funding from National Trade Corridors Fund for our cargo development project will enhance our position as a vital gateway for global and domestic cargo operators. With improved capacity and infrastructure, we will facilitate faster and more efficient goods transfer, benefiting Canadian businesses and consumers.”