DP World Vies for Deal to Run Montreal Port Championed by Carney

Dubai-based logistics company DP World Ltd. is negotiating for a contract to operate a new container terminal that will increase the Montreal Port Authority’s capacity by more than 50%.

The new Contrecoeur terminal will sit on the St. Lawrence River, just northeast of the city of Montreal, Canada’s second-largest urban area. Construction may start as soon as September on the project, which is expected to cost nearly C$1.6 billion ($1.2 billion) and has a target date for completion in 2029.