Iqaluit International Airport - Exterior

Iqaluit International Airport

  • City

    Iqaluit, NU

  • Completion Date

  • Square Footage

    146,000sqft

  • Status

    Operational

  • Value

    $418,900,000

About the Iqaluit International Airport Project

The airport project included the design and construction of a new air terminal building and combined services building, the repaving and expansion of the runway, taxiway and apron, and the enhancement of roadways and lighting systems. The new airport facility opened in December 2017, with the 30-year project concession period concluding in 2047. 

The Iqaluit International Airport project utilizes a public-private partnership model with the Government of Nunavut and has an original contract value of $418.9 million.

Located in the capital of Canada’s Nunavut Territory, the Iqaluit International Airport serves as a major gateway to the north, with scheduled passenger service from Ottawa, Montreal, Rankin Inlet, Kuujjuaq and other smaller communities throughout eastern Nunavut. 

Canadian Council for Public-Private Partnerships (CCPPP) Gold Award recipient in the Infrastructure category of the 2017 National Awards for Innovation and Excellence in Public-Private Partnerships (P3s)

Concert Infrastructure's Involvement

In April 2019, Concert Infrastructure acquired a 99.8% interest in Arctic Infrastructure Limited Partnership—the project company responsible for the improvement, operation, and ongoing maintenance of the airport.

About Concert Infrastructure

Concert Infrastructure is an independent, long-term investor, developer, and manager of public infrastructure projects across Canada, and has been successful in forming strong strategic partnerships and securing solid investment opportunities for our pension plan investors.

Concert Infrastructure approaches each project with the intention of remaining a partner for the duration of the concession period, valuing long-term, stable returns for our ten Canadian union and management pension fund unitholders.

Concert Infrastructure invests Canadian dollars in Canadian projects that span today five provinces and territories. Over 80% of our facilities meet the LEED Gold or Silver sustainable building standard.

Concert Infrastructure is part of the broader Concert group of companies, that include Concert Real Estate Corporation and Concert Properties - a Canadian real estate company with over 30 years of industry leading investment, development, and management experience.

 

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