The City of Hamilton and TradePort International Corporation have finalized a historic $400 million agreement to further develop and expand John C. Munro Hamilton International Airport over a 49-year term. The deal, signed on September 13, 2024, secures significant investment from TradePort, a wholly owned subsidiary of Vantage Group, a global airport development and transportation infrastructure leader.

The investment aims to transform the Airport’s infrastructure, including expanding and enhancing passenger terminal buildings, upgrading cargo facilities, enhancing taxiways and aprons, and achieving Net Zero Carbon by 2030. The investment is designed to continue positioning Hamilton as a competitive player in the national and global markets while supporting the region’s supply chain and job creation.

“This investment marks a significant milestone in Hamilton’s future. Our airport is a vital transportation hub and a key driver of our community’s economic growth and job creation. This $400 million commitment from TradePort and Vantage will enhance Hamilton’s global competitiveness while ensuring sustainability and long-term prosperity. We are excited to partner on a project that will benefit residents, businesses, and the broader region for decades to come,” said Mayor Andrea Horwath.