The City of Hamilton and TradePort International Corporation have finalized an agreement worth $400 million to develop and expand John C. Munro Hamilton International Airport.

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.

“This investment marks a significant milestone in Hamilton’s future,” said Hamilton Mayor Andrea Horwath. “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.”

The deal, which was signed on September 13, secures investment from TradePort, a wholly owned subsidiary of Vantage Group, a global airport development and transportation infrastructure leader.

As part of the agreement, the City of Hamilton will receive guaranteed annual payments, increased revenue sharing based on the airport's performance, and commitments to annual community investments.

“TradePort’s investment in Hamilton International is great for Hamilton. We are more than just an airport – we are a jobs creator and strong economic contributor,” said Ron Foxcroft, Board Chair, TradePort. “Together, we can strengthen our economic position and inject millions into our local community by investing in our airport infrastructure today. Thanks to our collaborative partnerships with the City of Hamilton, Mayor Andrea Horwath, City Council, and staff, this agreement stands to evolve our city’s airport into the future with ambitious deliverables by 2073.”

TradePort has managed Hamilton International Airport since 1996, facilitating $452 million in investments, contributing more than $1.5 billion in industry activity, and creating more than 4,720 jobs.