What's Happening?
The Canadian Airports Council (CAC) has expressed support for the federal budget, which emphasizes trade diversification, infrastructure, and economic growth. The budget includes a $5 billion allocation through the Trade Diversification Corridors Fund
(TDCF) to strengthen new trade flows and drive economic growth. Since the 1990s, Canada's airports have been managed by local airport authorities, allowing them to operate as businesses and reinvest in infrastructure. The budget also includes increased support of $55 million for the Airports Capital Assistance Program (ACAP), which funds essential infrastructure at small and regional airports.
Why It's Important?
The federal budget's focus on airports is vital for enhancing Canada's competitiveness and creating opportunities across the country. Airports play a crucial role in connecting people and goods, supporting trade, tourism, and regional development. The increased funding for ACAP is critical for ensuring safety, reliability, and long-term sustainability at regional airports, which are essential for regional connectivity and medical access. The budget's emphasis on technology and automation is expected to improve travel experiences and support growing passenger volumes.
What's Next?
The Canadian Airports Council looks forward to working with the government to ensure airports remain safe, competitive, and ready to meet the needs of Canadians. The implementation of a 50-year ground lease extension in early 2026 is anticipated, providing long-term investment stability and enabling capital projects that benefit both airports and communities. The government will also consider options for airport privatisation, with affordability for Canadians as a top priority.
