TradePort, the Vantage-owned organization responsible for operating and managing John C. Munro Hamilton International Airport (YHM), has secured a new 49-year lease with the City of Hamilton. This agreement ensures long-term stability for Vantage’s ongoing development of YHM, benefiting both the local economy and the community.

Under the terms of the new lease, TradePort will invest $400 million into the airport’s infrastructure. This investment will include expanding and enhancing passenger terminal buildings, upgrading cargo facilities, improving taxiways and aprons, and supporting YHM’s goal of achieving its net zero carbon goals. These enhancements aim to strengthen Hamilton’s position in national and global markets, bolster the region’s supply chain, and create jobs.

TradePort has managed YHM since 1996, facilitating $452 million in investments, contributing more than $1.5 billion in industry activity, and creating more than 4,720 jobs in the region. We look forward to continuing driving powerful economic impact for YHM in the years to come.

For more information, please read the official news release issued by the City of Hamilton on September 24.