GREATER MONCTON, NB – It was announced today by federal Transport Minister Omar Alghabra that under Transport Canada’s Airport Capital Assistance Program (ACAP), the Greater Moncton Roméo LeBlanc International Airport (YQM) will be receiving funding for the rehabilitation of its primary runway, taxiway signage, and a new aircraft rescue and fire fighting vehicle. The projects receiving funding are as follows:
- Runway 11-29 Rehabilitation and Taxiway Hold Signs for 50% of the total eligible expenditures to a maximum of $3,913,028. The objective of this project is to maintain safety levels at the Airport by rehabilitating Runway 11-29.
- Aircraft Rescue and Fire Fighting Vehicle for 100% of the total eligible expenditures up to a maximum of $1,096,600. The objective of this project is to maintain safety levels at the Airport by providing funds for the purchase of an Aircraft Rescue and Fire Fighting Vehicle to replace an existing vehicle at its end of useful life.
“We are very pleased to see the ACAP Initiative funding roll out, and we look forward to working with the Government of Canada for the funding of just over $5 million towards these projects. It should be noted that YQM was not previously eligible to participate in the ACAP program and that this is only now possible through new pandemic relief efforts put in place by Transport Canada.
We thank the federal government for recognizing the vital role our airport plays in being an economic spark plug for our community. A heartfelt thank you goes to Minister Alghabra, Minister Dominic LeBlanc, and our Member of Parliament Ginette Petitpas Taylor.
This support will help our province’s busiest airport continue to keep operations safe as we provide vital connectivity and essential service for our communities and work towards a recovery of passenger activity and financial sustainability as travel restrictions are eased in line with public health guidance. In addition to the ACAP funding announcements for 2021, today Transport Minister Alghabra also clarified what previously announced funds could be available to airports such as YQM.”, said Bernard LeBlanc, YQM CEO.
Accordingly, the Greater Moncton Roméo LeBlanc International Airport is to receive approximately $1.9 M from the Airport Relief Fund and in addition to 2022-2023 eligibility to apply for ACAP funding is also able to apply for infrastructure funding under the Critical Infrastructure Program as well.
About Greater Moncton Roméo LeBlanc International Airport (YQM)
YQM is a progressive airport and the leading airport in the central Maritimes. 24/7/365 – everyone associated with the airport strives to provide superior air service to passengers travelling all over the world and to the global cargo industry -safe, convenient, efficient, bilingual and businesslike.
YQM also strives to maximize its contribution to local and regional economic and community development – it currently drives over $665 million of economic activity annually, making it one of the top private-sector economic contributors to New Brunswick’s economy.
Your economy. Your airport.
For more information:
Julie Pondant, Corporate Communications Specialist
506-856-5459 or 506-962-2830