Aéroports de Montréal in talks with Ottawa for REM station financing (Details)

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MONTREAL, QUE.: JULY 8, 2020 -- REM track bed looking east from St. Charles Blvd. in the Kirkland suburb of Montreal Wednesday July 8, 2020. (John Mahoney / MONTREAL GAZETTE) ORG XMIT: 64705 - 0151

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The ADM is forecasting a 71 per cent drop in passenger traffic in 2020, said spokesperson Anne-Sophie Hamel.

“That drop in passengers is going to have a substantial impact on our finances,” Hamel added. “We estimate we’re going to lose $500 million in anticipated revenue for the year.”

Hamel said the cost of building the airport station is approximately $600 million. She said the ADM is seeking a $600-million loan from the federal and provincial governments to finance the project.

“That’s the cost of building the station, but also connecting the station to the terminal building, because it’s going to be built 35 metres underneath the airport parking lot.”

Dorval Mayor Edgar Rouleau said he is confident the airport station will be built, but time is of the essence.

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