Hamilton's airport will see $400M in upgrades, city announces in new deal

The company that runs Hamilton's airport says it will spend C$400m in upgrades for passenger and cargo transportation over the next 49 years. The City of Hamilton announced Tuesday that TradePort International Corporation, which through a long-term lease owns John C. Munro Hamilton International Airport, will expand passenger terminals, upgrade cargo facilities and airplane taxiways, and achieve net-zero carbon by 2030. "This investment marks a significant milestone in Hamilton's future," said Mayor Andrea Horwath in a statement. "Our airport is a vital transportation hub and a key driver of our community's economic growth and job creation." TradePort is a subsidiary of Vantage Group, which invests, develops and manages airports internationally. The city said, through the new agreement with TradePort and Vantage Group, it will receive annual payments and increased revenue sharing, but didn't specify by how much. <br/>